The stocks, Amazon.com Inc. (NASDAQ:AMZN), Nvidia Corp. (NASDAQ:NVDA), Reddit Inc. (NYSE:RDDT), Beyond Meat Inc. (NASDAQ:BYND), Alphabet Inc. (NASDAQ:GOOG), spanning tech, AI, packaged foods, and the internet of things, reflected diverse retail interests.
Amazon.com
Amazon dominated headlines with sweeping corporate layoffs announced on Oct. 27. The week peaked on Oct. 30th with stellar third-quarter earnings, reporting $180.2 billion in revenue, beating estimates, 38% profit growth, and AWS surging at its fastest pace in years, prompting a raised $125 billion capex forecast for AI infrastructure and shares jumping 14% after hours.
Retail investors who bet against AMZN were seen regretting their decision.
Source: Reddit
The stock had a 52-week range of $161.43 to $242.52, trading around $251 to $252 per share, as of the publication of this article. It was up 1.20% year-to-date and 19.56% over the year.
While this stock had a strong growth ranking, Benzinga's Edge Stock Rankings showed that it had a stronger price trend in the short, medium, and long terms. Additional performance details are available here.
Nvidia
Nvidia stole the spotlight at its inaugural GTC Washington, D.C. conference, where CEO Jensen Huang unveiled a blueprint for U.S. AI infrastructure, including partnerships for seven new supercomputers with the Department of Energy, a $1 billion investment in Nokia. Shares surged on Oct. 29, catapulting Nvidia to a historic $5 trillion market cap—the first company to achieve it—amid broader AI hype, with third-quarter earnings slated for Nov. ...
