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Wednesday, February 21, 2024

META, AMZN, NVDA, AMD, F: Top Five Trending Stocks Today – Meta Platforms (NASDAQ:META), NVIDIA (NASDAQ:NVDA), Ford Motor (NYSE:F), Advanced Micro Devices (NASDAQ:AMD)

META, AMZN, NVDA, AMD, F: Top Five Trending Stocks Today – Meta Platforms (NASDAQ:META), NVIDIA (NASDAQ:NVDA), Ford Motor (NYSE:F), Advanced Micro Devices (NASDAQ:AMD)



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U.S. stocks showcased a downward trend as trading neared its end on Wednesday. The Dow Jones index witnessed a decline of over 100 points, marking a 0.32% drop to 33,035.93. Meanwhile, the NASDAQ took a steeper plunge, falling by 2.43% to 12,821.22. The S&P 500 wasn’t far behind, recording a 1.43% decrease to 4,186.77.

These are the top stocks that gained the attention of retail traders and investors throughout the day:

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Meta Platforms, Inc. (NASDAQ:META)
Meta Platforms closed the day with a 4.17% decline at $299.53. The stock’s intraday high and low were $310.88 and $298.84, respectively, with a 52-week range between $88.09 and $330.54. The company reported a 23% year-over-year increase in its third-quarter revenue, amounting to $34.15 billion. CEO Mark Zuckerberg expressed pride in the advancements made in AI and mixed reality.

Amazon.com, Inc. (NASDAQ:AMZN)
Amazon’s stock saw a significant drop of 5.58%, closing at $121.39. The intraday high reached $126.34, while the low was at $120.79. Over the past 52 weeks, the stock has fluctuated between $81.43 and $145.86. Analysts have been largely bullish on Amazon, with several highlighting the company’s advertising business and AWS growth as key factors to watch.

Nvidia Corp (NASDAQ:NVDA)
Nvidia’s stock performance was down by 4.31%, closing at $417.79. The stock’s intraday movements ranged from a high of $436.5 to a low of $415.55, with its 52-week range between $127.08 and $502.66. Recent developments indicate that the U.S. Government has imposed immediate export restrictions on several of Nvidia’s products, potentially impacting the company’s future performance.

Advanced Micro Devices, Inc. (NASDAQ:AMD)
AMD’s stock declined by 5.52%, settling at $96.06. The intraday high was $101.03, and the low touched $95.23. Over the past year, the stock has seen a range between $58.03 and $132.83. Recent market movements suggest that the semiconductor industry might be facing challenges, with companies like Texas Instruments reporting lower sales, potentially indicating broader supply chain issues that could impact AMD.

Ford Motor Company (NYSE:F)
In contrast to the others, Ford’s stock rose by 1.32%, closing at $11.54. The stock peaked at $11.64 and dipped to $11.21 during the day, with a 52-week range of $10.9 to $15.42. Ahead of its third-quarter report, analysts have been monitoring the ongoing UAW strike and its potential impact on Ford’s operations and stock performance. Ford and UAW have reached a tentative agreement to end labor strikes, reported CNBC on Wednesday.

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