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At 12:37 PM (GMT-5) on Tuesday, January 7, 2025, the stock market’s most active stocks are:
NVIDIA Corporation (NVDA) experienced a significant drop of 5.08%, falling to $141.84, a decline of $7.59 from the previous close. The chipmaker, known for its AI and gaming hardware, faces some turbulence despite ongoing demand in the artificial intelligence space.
Meanwhile, Lucid Group (LCID), an electric vehicle (EV) manufacturer, saw a 4.54% drop in its stock price, falling to $3.18. Lucid has been struggling amid the broader EV market volatility. However, Aurora Innovation (AUR), another EV and autonomous vehicle player, surged by an impressive 37.15%, with shares rising to $8.91, driven by strong investor sentiment and optimism regarding its technology advancements.
Plug Power Inc. (PLUG) also experienced a downturn, falling 3.75% to $3.03, as its green hydrogen business faces hurdles despite rising interest in clean energy solutions. Similarly, Rigetti Computing Inc. (RGTI), which specializes in quantum computing, lost 7.69%, dropping to $18.01 as investors reevaluated the company’s growth potential.
Palantir Technologies (PLTR) saw a 6.43% decline to $71.04, despite its strong position in the data analytics space. SoundHound AI Inc. (SOUN) faced an even steeper drop, falling by 11.79% to $17.55, indicating investor concerns about the company’s future prospects.
Tesla, Inc. (TSLA) had a difficult day as well, losing 4.25% to $393.59 following concerns about its valuation and the broader EV market environment. However, some optimism remains as analysts continue to eye the potential of Tesla’s future innovations.
In contrast, D-Wave Quantum Inc. (QBTS), a leader in quantum computing, saw a considerable drop of 8.93%, reflecting investor wariness in the emerging quantum tech sector. On a brighter note, Micron Technology (MU) gained 3.75%, rising to $102.98, driven by positive momentum in the semiconductor market.
Disclaimer: The information provided above is for informational purposes only and should not be considered as financial or investment advice.