Palantir, Google-Parent Alphabet, Nvidia, AMD, Tesla: Why These 5 Stocks Are On Investors' Radars Today
Portfolio Pulse from Benzinga Neuro
On Monday, significant declines hit U.S. and Japanese markets due to concerns over a slowing U.S. economy, sparking a global sell-off. The Dow Jones Industrial Average fell 2.6%, while the S&P 500 and Nasdaq Composite also faced substantial losses. Japanese stocks experienced their biggest one-day drop since 1987. Key stocks on investors' radars included Palantir, Alphabet, Nvidia, AMD, and Tesla, with varying impacts on their share prices.
August 06, 2024 | 4:10 am
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POSITIVE IMPACT
AMD’s shares rose by 1.75%, rebounding after a morning selloff in chip stocks.
AMD's stock managed to rebound despite the broader market selloff, indicating investor confidence in the company.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Alphabet’s Class A and Class C shares fell by 4.45% and 4.6%, respectively, after a federal judge ruled its payments to make its search engine the default option on smartphone web browsers violate U.S. antitrust law.
The antitrust ruling against Alphabet significantly impacted its stock, contributing to the decline.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Nvidia’s shares plunged by 6.36% amid rumors of a delay in its next-gen Blackwell accelerators.
Rumors of delays in Nvidia's next-gen products led to a significant drop in its stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Palantir’s shares fell by 2.63% despite reporting strong Q2 revenue and raising its full-year revenue outlook.
Despite strong earnings and an optimistic revenue outlook, Palantir's stock fell due to broader market declines.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tesla’s shares fell by 4.23% due to broader market weakness and concerns about a potential U.S. economic slowdown.
Tesla's stock was negatively impacted by overall market conditions and economic concerns.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75