The U.S. stock market experienced a robust session with the Nasdaq Composite climbing 2.45% to 19,511.23 and the S&P 500 rising by 1.8% to 5,949.91. The Dow Jones Industrial Average also saw gains, increasing by 1.65% to 43,221.55.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Quantum Computing Inc.
Quantum Computing Inc. shares soared by 55.45%, closing at $11.55. The stock reached an intraday high of $11.60 and a low of $8.51, with a 52-week range of $27.15 to $0.35. The surge followed NVIDIA Corp.’s announcement of its inaugural Quantum Day, scheduled for March 20 during the GTC 2025 event. This announcement comes shortly after CEO Jensen Huang mentioned that practical quantum computing might still be two decades away. Additionally, Microsoft Corporation’s plans to make its business clients “quantum-ready” by 2025 added to the excitement.
Taiwan Semiconductor Manufacturing Co.
Taiwan Semiconductor’s stock rose by 2.61%, closing at $206.80. The day’s trading saw a high of $209.04 and a low of $199.35, with a 52-week range of $222.20 to $100. The company is set to release its fourth-quarter financial results, with analysts expecting a fifth consecutive revenue beat. The anticipated revenue is $26.28 billion, up from $19.62 billion in the same quarter last year, driven by strong semiconductor demand and potential benefits from the new U.S. administration.
Meta Platforms Inc.
Meta Platforms saw a 3.85% increase, closing at $617.12. The stock hit an intraday high of $622.46 and a low of $606.50, with a 52-week range of $638.40 to $358.61. An internal memo revealed plans for performance-based job cuts, aiming for a 10% “non-regrettable attrition” rate by the end of the current performance cycle. This strategy involves classifying employees into performance tiers based on their contributions over the past year.
Intuitive Surgical Inc.
Intuitive Surgical’s shares jumped by 7.65%, closing at $580.11. The stock reached an intraday high of $584.60 and a low of $549.17, with a 52-week range of $584.60 to $355.17. The increase followed the company’s preliminary fourth-quarter results, which showed expected revenue of approximately $2.41 billion, surpassing analyst estimates of $2.2 billion. The company also reported a significant growth in da Vinci procedures and system placements.
Tesla, Inc.
Tesla’s stock rose by 8.04%, closing at $428.22. The day’s trading saw a high of $429.80 and a low of $405.66, with a 52-week range of $488.54 to $138.80. The rise was influenced by recent data from Kelley Blue Book ranking Tesla’s Model Y and Model 3 as the top-selling electric vehicles. Despite selling about 37,000 fewer cars in 2024 compared to 2023, Tesla maintained its lead in the EV market, with increased competition noted as a factor.
Image via Shutterstock
Prepare for the day’s trading with top premarket movers and news by Benzinga.
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This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal
