Major US stock indices experienced a mixed day of trading on Monday. The Dow Jones Industrial Average dropped slightly to 39,344.79 points, while the S&P 500 saw a modest increase to 5,572.85 points. The Nasdaq performed the best among the major indices, rising by almost 0.3% to close at 18,403.74 points. Several stocks attracted attention from investors and retail traders throughout the day, including Nvidia Corporation, Intel Corporation, Lucid Group Inc., Beam Global Inc., and Tesla, Inc.
Nvidia Corp closed up 1.88% at $128.20, with an intraday high of $130.77 and a low of $127.04. The company’s shares are seeing increased activity due to the current hype around artificial intelligence, with analysts expressing optimism about Nvidia’s future growth potential in the AI industry.
Intel Corp saw a more significant increase, closing the day up 6.15% at $33.99. The stock surged after the company announced a major investment project relocation from Vietnam to Poland, citing insufficient incentives from the Vietnamese government. The US chipmaker proposed a $3.3 billion project and requested 15% “cash support” from the Vietnamese government.
Lucid Group Inc. closed up 7.85% at $3.16, fueled by the company’s recent announcement of production and delivery totals for the quarter ended June 30. Lucid produced 2,110 vehicles and delivered 2,394 vehicles during the period, leading to increased investor interest in the electric vehicle manufacturer.
Beam Global Inc. experienced a significant jump, closing up 18.00% at $6.49. The company reported a record high in new orders for the second quarter, totaling $10.6 million and representing a 128% year-over-year increase, driving the stock price higher.
Tesla, Inc. closed up 0.56% at $252.94, with the stock rally losing some momentum after an eight-day winning streak. The company’s shares initially soared on Monday following an announcement that it had sold more cars than expected, but there were signs of potential weakening in the rally.
Overall, the trading day showcased a mix of positive and negative movements in the stock market, with specific companies experiencing notable increases in share prices due to various factors such as industry trends, investment projects, production and delivery figures, and market sentiment. Investors and traders closely monitored these developments to make informed decisions related to buying, selling, or holding positions in these stocks.
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https://www.benzinga.com/markets/equities/24/07/39678824/nvidia-intel-lucid-group-beam-global-tesla-why-these-5-stocks-are-on-investors-radars-today