U.S. stocks closed lower on Monday, with the Dow slipping 1.2% to 46,590.24, the S&P 500 easing 0.92% to 6,672.41, and the Nasdaq dipping 0.84% to 22,708.07.
These are the top stocks that gained the attention of retail traders and investors through the day:
Nvidia Corporation (NASDAQ:NVDA)
Nvidia’s stock fell 1.88% to close at $186.60, with an intraday high of $189 and a low of $184.32. The stock’s 52-week high is $212.19, while the low is $86.63.
Nvidia’s upcoming earnings report on Wednesday is a significant catalyst for global markets. Despite a slowdown from its previous growth pace, Nvidia remains crucial in Big Tech’s data center spending plans. The company recently became the first to surpass a $4.5 trillion market cap, driven by its GPUs’ role in AI and gaming.
Dell Technologies Inc. (NYSE:DELL)
Dell’s stock dropped 8.42% to $122.48, with a high of $128.41 and a low of $120.01. Its 52-week high is $168.08, and the low is $66.25.
The decline followed a bearish analyst update from Morgan Stanley, which downgraded Dell from Overweight to Underweight and reduced the price target to $110 from $144. Analyst Erik Woodring warned that rising DRAM and NAND costs could pressure Dell's margins and valuation, given memory accounts for up to 70% of its major product lines. Ahead of next week's earnings, analysts expect Dell to post $2.47 per share in profit and $27.11 billion in revenue for the third quarter.
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Coinbase Global Inc. (NASDAQ:COIN)
Coinbase shares fell 7.06% to $263.95, reaching a high of $277.83 and a low of $258.22. The stock’s 52-week high is $444.65, with a low of $142.58.
The decline was driven by a crypto-market crash, with Bitcoin (CRYPTO: BTC) dropping below $92,000 and Ethereum (CRYPTO: ETH) losing the $3,000 mark. This sector-wide decline impacted Coinbase, as its revenue is closely tied to crypto asset prices and trading volume.
Gorilla Technology Group Inc. (NASDAQ:GRRR)
Gorilla Technology’s stock decreased by 2.47% to $12.62, with an intraday high of $13.36 and a low of $12.50. The 52-week high is $44.15, and the low is $3.71. In the after-hours trading, the stock shot up nearly 18% to $14.89.
The company reported third-quarter revenue of $26.5 million, a 32% increase year-over-year, driven by AI infrastructure and enterprise projects across various regions.
Archer Aviation Inc. (NYSE:ACHR)
Archer’s stock fell 5.84% to $7.42, with a high of $7.88 and a low of $7.24. The stock’s 52-week high is $14.62, and the low is $4.05. The stock spiked over 4% to $7.72 in the after-hours session.
Archer opened a new revenue stream by licensing its proprietary powertrain technology for the first time, expanding its use beyond the Midnight eVTOL. The first recipient is Omen, an autonomous hover-to-cruise aircraft co-developed by Anduril and EDGE Group in the UAE, according to a statement issued by the company. Archer said its vertically integrated U.S. facilities can produce the powertrain at scale while meeting aviation-grade safety and performance standards.
Benzinga's Edge Stock Rankings indicate Nvdia stock has a Value in the 3rd percentile. Here is how the stock measures up against other tech rivals like AMD.
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
