Tesla, Peloton and AMD see high interest in WallStreetBets today, but this action is at the top of the chart – Nvidia (NVDA)
Nvidia Corp. (NASDAQ: NVDA) has become the most talked about action on Reddit r / WallStreetBets forum from Thursday evening, while Tesla Inc. (NASDAQ: TSLA), Peloton Interactif Inc. (NASDAQ: PTON), Advanced micro-systems Inc. (NASDAQ: AMD) and GameStop Corp. (NYSE: GME) are also generating significant interest.
What happened: Graphics chipmaker Nvidia garners the most attention on the forum with 1,014 mentions, while electric vehicle maker Tesla lags far behind with 581 mentions.
Exchange traded fund SPDR S&P 500 ETF Trust (NYSE: SPY) and fitness products maker Peloton Interactive sit third and fourth, with 456 and 443 mentions, respectively.
Along with chipmaker Advanced Micro Devices and video game retailer GameStop, other hot actions on the forum include the biotech company Cassava Sciences Inc. (NASDAQ: SAVA), sports betting company DraftKings Inc. (NASDAQ: DKNG), cloud platform operator Cloudflare Inc. (NYSE: NET) and Twitter Inc. (NASDAQ: TWTR) CEO Jack Dorsey financial technology company Square Inc. (NYSE: SQ).
See Also: Why AMC Entertainment Shares Are Going Up Today
Why is this important: Nvidia sees great interest on the forum after Well Fargo Securities analyst Aaron Rakers maintained an overweight rating on the stock and raised the price target from $ 245 to $ 320.
The analyst noted that Metaverse could present Nvidia, which already has an Omniverse platform, an additional $ 10 billion market opportunity over the next five years.
Peloton Interactive emerged among the most discussed stocks on the forum after the fitness products company on Thursday reported lower than expected results for the first quarter.
Shares of Cassava Sciences jumped nearly 49% in Thursday’s regular trading session after the company said it was told by the Journal of Neuroscience that no evidence of data manipulation was found in a article published in July 2012 describing a new approach to treat Alzheimer’s disease.
Price action: Shares of Nvidia closed up 12.0% in Thursday’s regular trading session at $ 298.01, but fell 0.5% in the after-hours session at $ 296.45 .
Tesla shares closed up 1.3% on the regular trading session at $ 1,229.91, but fell 0.6% in the after-hours session at $ 1,222.00.
SPDR S&P 500 ETF Trust shares closed up nearly 0.5% in the regular trading session at $ 466.91 and rose again by less than 0.1% in the after-hours session at $ 467.19.
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