Nvidia Is Pivoting to Solve Big Tech's $1 Trillion Problem

Nvidia is the hottest company in the world thanks to its chip business. But here's the thing: Nvidia is making a massive $1 trillion pivot ... To solve AI's biggest problem. But it's not making this move by itself. A new set of companies are partnering with Nvidia in this trillion-dollar venture.

Chewy, Apple, Marathon Digital, McDonald's, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Benzinga Neuro
July 01, 2024

On Monday evening, major U.S. indices closed in positive territory. The Dow Jones Industrial Average increased by 0.1%, reaching 39,169.52. The S&P 500 rose by 0.3% to 5,475.09, while the tech-focused Nasdaq climbed 0.8% to finish at 17,879.30.

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

Chewy, Inc. (NYSE:CHWY)

Chewy’s stock dipped by 6.61% to close at $25.44. The stock’s intraday high and low were $30 and $25.29 respectively, with a 52-week high and low of $39.46 and $14.69. The stock gained attention after ‘Roaring Kitty’ Keith Gill disclosed a 6.6% passive stake in a 13G filing..

Apple Inc. (NASDAQ:AAPL)

Apple shares rose by 2.91% to close at $216.75. The intraday high and low were $217.51 and $211.92 respectively, with a 52-week high and low of $220.2 and $164.08. The stock price gained after Needham analyst Laura Martin maintained a Buy rating and a $220 price target. Martin’s recent channel checks revealed that the smartphone replacement cycle is now closer to 36-40 months, up from about 24-30 months pre-COVID.

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Marathon Digital Holdings Inc. (NASDAQ:MARA)

Marathon Digital’s stock surged by 13.65% to close at $22.56. The intraday high and low were $22.84 and $20.32 respectively, with a 52-week high and low of $34.09 and $7.16. The stock traded higher as bitcoin bounced back from recent lows. Bitcoin’s (CRYPTO: BTC) rise appears to be driving strength in the broader crypto space and in crypto-related stocks.

McDonald's Corp. (NYSE:MCD)

McDonald’s shares fell by 1.90% to close at $249.99. The intraday high and low were $255.34 and $249.72 respectively, with a 52-week high and low of $302.39 and $245.73. The fast-food giant is at the forefront of a tech-driven shift in the restaurant industry, with AI revolutionizing operations from the back of the house to the front.

Tesla, Inc. (NASDAQ:TSLA)

Tesla’s shares climbed by 6.05% to close at $209.86. The intraday high and low were $213.23 and $200.85 respectively, with a 52-week high and low of $299.29 and $138.8. Investors are anticipating an update on Tesla’s quarterly sales ahead of the market opening on Tuesday.

Photo by WHYFRAME on Shutterstock

Prepare for the day’s trading with top premarket movers and news by Benzinga.

Read Next: Investors Predict Impact Of Potential Trump Presidency On Markets: ‘The Market Is Already Priced For That

This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal

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