Coinbase, Rigetti, Nvidia, Meta, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

U.S. stock markets experienced a robust rally today, with the Nasdaq surging over 4% and the S&P 500 climbing by 3.26%. The Dow Jones Industrial Average also saw a significant rise of 2.8%.

These are the top stocks that gained the attention of retail traders and investors throughout the day:

Coinbase Global Inc. (NASDAQ:COIN)

Coinbase shares rose by 3.96%, closing at $207.22. The stock hit an intraday high of $213.60 and a low of $205.61, with a 52-week range between $349.75 and $142.58. The surge followed news that Coinbase will join the S&P 500, replacing Discover Financial Services. This inclusion is set to take effect before trading begins on May 19. Shares of the platform that allows users to trade in Bitcoin (CRYPTO: BTC) and other cryptocurrencies rallied nearly 11% in the after-hours trading.

Rigetti Computing, Inc. (NASDAQ:RGTI)

Rigetti’s stock climbed 9.17%, closing at $11.55, with a high of $11.98 and a low of $11.08. Its 52-week high and low are $21.42 and $0.66, respectively. Despite missing revenue estimates in its first-quarter report, the company exceeded earnings expectations, reporting a loss of 13 cents per share against the anticipated six cents. The stock dropped nearly 12% in after-hours trading to $10.15.

Nvidia Corp (NASDAQ:NVDA)

Nvidia’s stock increased by 5.44%, closing at $123. The stock reached an intraday high of $123 and a low of $120.28, with a 52-week range of $153.13 to $86.63. The rise was driven by a temporary agreement between Beijing and Washington to reduce tariffs on each other’s products, benefiting semiconductor stocks.

Meta Platforms, Inc. (NASDAQ:META)

Meta’s stock rose 7.92%, closing at $639.43, with a high of $640.39 and a low of $621.03. The 52-week range is $740.89 to $442.65. The company is currently facing an antitrust trial from the Federal Trade Commission, focusing on its acquisitions of Instagram and WhatsApp.

Tesla, Inc. (NASDAQ:TSLA)

Tesla shares gained 6.75%, closing at $318.38. The stock’s intraday high was $322.21, with a low of $311.50, and its 52-week range is $488.54 to $157.40. The increase followed news of a trade agreement between the U.S. and China to temporarily reduce tariffs on each other’s goods.

Benzinga Edge Stock Rankings show that Meta has a Momentum in the 82nd percentile and Growth in the 75th percentile. How do other Magnificent 7 stocks hold up? Find the answer here.

Photo Courtesy: Phongphan On Shutterstock.com

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