U.S. stocks were mixed, with the Dow Jones index falling over 100 points on Tuesday.
Shares of Microchip Technology Incorporated (NASDAQ:MCHP) rose sharply during Tuesday's session.
Mizuho analyst Vijay Rakesh maintained Microchip Technology with an Outperform rating and raised the price target from $78 to $85.
Microchip Technology shares jumped 4.1% to $74.36 on Tuesday.
Here are some other big stocks recording gains in today’s session.
- Humacyte, Inc. (NASDAQ:HUMA) shares jumped 27.4% to $2.7690. Humacyte announced Symvess has been awarded Electronic Catalog Listing approval from the US Defense Logistics Agency.
- Wolfspeed, Inc. (NYSE:WOLF) rose 18.2% to $2.7300 after nearly doubling on Monday. Wolfspeed shares have soared in recent sessions as investors anticipate a potential turnaround for the company after it filed for Chapter 11 bankruptcy last week.
- SharpLink Gaming, Inc. (NASDAQ:SBET) gained 16.4% to $14.75. SharpLink Gaming announced the acquisition of an additional 7,689 ETH for the week June 28 through July 4, 2025.
- SoundHound AI, Inc. (NASDAQ:SOUN) jumped 16.4% to $13.28.
- Bitmine Immersion Technologies, Inc. (NYSE:BMNR) shares rose 16% to $124.66.
- QuantumScape Corporation (NYSE:QS) climbed 15.2% to $8.07.
- Opendoor Technologies Inc. (NASDAQ:OPEN) gained 14% to $0.7153. Opendoor Technologies will report second quarter 2025 financial results for the period ended June 30, following the close of the market on Tuesday, Aug. 5.
- Regencell Bioscience Holdings Limited (NASDAQ:RGC) surged 13.2% to $20.87.
- Anbio Biotechnology (NASDAQ:NNNN) rose 13% to $44.45.
- Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX) gained 12.8% to $5.57.
- Moderna, Inc. (NASDAQ:MRNA) rose 9.4% to $32.73.
- Shinhan Financial Group Co., Ltd. (NYSE:SHG) gained 8.8% to $50.44.
- Concentrix Corporation (NASDAQ:CNXC) rose 7.7% to $61.05.
- Albemarle Corporation (NYSE:ALB) shares rose 7.6% to $70.47.
- The Goodyear Tire & Rubber Company (NASDAQ:GT) gained 7.3% to $11.69.
- Woori Financial Group Inc. (NYSE:WF) rose 7% to $54.09.
- Intel Corporation (NASDAQ:INTC) rose 5.7% to $23.26.
- Dow Inc. (NYSE:DOW) gained 5.7% to $29.05. Dow announced it will shut down three European plants, which may result in up to $790 million worth of asset write-downs.
- Celanese Corporation (NYSE:CE) rose 4.7% to $60.79. Celanese announced that it will host a conference call to discuss its second quarter results on Tuesday, August 12.
- Tesla, Inc. (NASDAQ:TSLA) gained 3.1% to $303.14. Tesla CEO Elon Musk recently announced plans to launch a new political party. Wedbush analyst Daniel Ives reiterated Tesla with an Outperform rating and maintained a $500 price target, while Mizuho analyst Vijay Rakesh maintained the stock with an Outperform rating and lowered the price target from $390 to $375.
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