Nvidia, Microstrategy, Apollo Global Management, Joby Aviation, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

Major U.S. indices closed mixed on Tuesday, as the Dow Jones Industrial Average slipped 0.3% to 43,268.94, while the S&P 500 added 0.4% to reach 5,916.98. The Nasdaq rose nearly 1%, finishing at 18,987.47.

Nvidia Corporation (NASDAQ:NVDA) closed the day with a 4.89% gain at $147.01, after reaching an intraday high of $147.13 and a low of $140.99. The stock’s 52-week high and low are $149.76 and $45.01, respectively. According to Wedbush analyst Dan Ives, Nvidia is set to dominate as major tech players ramp up their capital expenditures on artificial intelligence.

MicroStrategy Inc. (NASDAQ:MSTR) saw its shares rise by 11.89% to close at $430.54. The stock hit an intraday high of $449 and a low of $381, with a 52-week range of $449 to $43.89. The surge came after Benchmark raised its price target following the company’s announcement of plans to buy more Bitcoin (CRYPTO: BTC).

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Archer Aviation Inc. (NYSE:ACHR) surged 16.33% to close at $5.13, with an intraday high of $5.15 and a low of $4.33. The stock’s 52-week high and low are $7.02 and $2.82, respectively. Needham’s Chris Pierce initiated coverage on Archer Aviation with a Buy rating and a price target of $11

Joby Aviation Inc. (NYSE:JOBY) ended the day with a 12.83% gain at $6.33. The stock reached an intraday high of $6.33 and a low of $5.58. Its 52-week high and low are $7.69 and $4.5, respectively. According to Needham analyst Pierce, the company is well-positioned to capture early air taxi market share, thanks to its partnership with Uber and focus on software.

Tesla Inc. (NASDAQ:TSLA) closed the day with a 2.14% gain at $346. The stock hit an intraday high of $347.38 and a low of $332.75. The 52-week high and low are $358.64 and $138.8, respectively. Tesla’s sales in China are gaining momentum, despite trailing behind Chinese EV maker BYD Co Ltd.

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