Baba, MRVL, RGTI, AVGO, TSLA: Top 5 Popular Stocks Today – Alibaba gr Hldgs (NYSE: BABA), Broadcom (NASDAQ: AVGO)

Wall Street closed on Wednesday as investors weigh mixed economic data and await the former president Donald Trump’s Decide possible tariffs. The S&P 500 rose 1.12% to 5,842.63, the Dow Jones Industrial Average rose 1.1% to 43,006.59, and the Nasdaq rose nearly 1.5% to 18,552.73.

These are the top stocks that have attracted the attention of retail merchants and investors throughout the day:

Alibaba Group Holdings Co., Ltd. dad The 8.61% surged to close at $141.03, with the intraday range of $133.34 to $141.83 and the 52-week range of $68.36 to $145.30. The wave of patriotism in the Chinese e-commerce giant’s stock rally has fueled in China as investors celebrate the success of domestic films such as “Ne Zha 2”. This cultural phenomenon has increased Chinese stocks, and Alibaba has benefited from a new passion for local companies. Earlier this month, the Chinese President xi jinping Meet Alibaba founder Jack Horse and other rare technology leaders at high-level workshops. This is regarded as a turnaround by Beijing.

Marvell Technology, Inc. MRVL Get 2.05% of stock to reach $90.14, trading between $85.18 and $90.74, with a 52-week range of $53.19 to $127.48. The stock crashed more than 14% in after-hours trading to $76.75. The semiconductor company reported earnings slightly beat analyst estimates, with adjusted earnings per share of $0.60 and revenue of $1.81 billion. CEO of Marville Matt Murphy The data center end market saw strong growth, which grew 78% year-on-year in the fourth quarter.

Rigetti Computing, Inc. rgti Climbed to 4.07% to $8.18, with a daily range of $7.61 to $8.24 and a 52-week span of $0.66 to $21.42. Quantum computing company announced that Quanta Computera Fortune 500 company located in Taiwan. Both companies plan to invest more than $100 million per person over the next five years, and Quanta also promises a $35 million investment in Rigetti common stock. The collaboration aims to strengthen Rigerty’s position in the quantum computing market. The company also announced revenue in the fourth quarter was $2.3 million, missing a $2.5 million street consensus estimate.

Broadcom Inc. avgo Up 2.19% to $191.58, volatility between $187.10 and $194.08, with a 52-week range of $119.76 to $251.87. Investors are eager to see Broadcom’s first-quarter earnings report be released after it closes on Thursday. Analysts expect the company to report $14.61 billion in revenue and earnings per share of $1.49. The semiconductor giant recently unveiled Velosky, a new networking solution designed to enhance 5G and satellite services, potentially diversifying its revenue streams.

Tesla Inc TSLA The rebound was 2.60%, closing at $279.10, trading between $267.71 and $279.55, with a 52-week range of $138.80 to $488.54. Electric carmakers’ inventory has been under pressure recently from the founder of Barstool Sports Dave Portnoy Ask the CEO Elon Musk’s Focus on the company. Tesla dropped sharply in January’s new car registrations, while rivals scored a draw. Some analysts believe Musk’s political engagement may affect consumer sentiment towards the brand.

Image via shutterstock

Prepare for the day’s deal** with Benzinga’s top former promoters and news.

Read the next article:

This story was generated using Benzinga Neuro and is produced by Shivdeep Dhaliwal