Market Movers: Nvidia, Apple, and AMD Surge Amid Fed's 50bps Rate Cut - A Comprehensive Analysis
The financial markets are buzzing with activity today, particularly in the mega-cap and large-cap sectors. Following the Federal Reserve's significant 50 basis points (bps) rate cut, tech giants like Nvidia Corp (NASDAQ: NVDA) and Apple Computer Inc (NASDAQ: AAPL) are leading the charge with impressive gains. This article will break down the performance of key stocks across various market capitalization categories to provide a detailed overview of today’s market movers.
Mega-Cap Stocks in the Spotlight
Nvidia Corp (NVDA)
- Price Change: +5.16%
- YTD Price Total Return: 128.98%
Apple Computer Inc (AAPL)
- Price Change: +4.09%
- YTD Price Total Return: 15.06%
Advanced Micro Devices (AMD)
- Price Change: +5.66%
- YTD Price Total Return: 0.6%
Avago Technologies (AVGO)
- Price Change: +4.4%
- YTD Price Total Return: 45.91%
Salesforce.com (CRM)
- Price Change: +2.95%
- YTD Price Total Return: -3.64%
Adobe Systems Inc (ADBE)
- Price Change: +2.87%
- YTD Price Total Return: -14.83%
PowerShares QQQ (QQQ)
- Price Change: +2.82%
- YTD Price Total Return: 15.46%
Bank of America (BAC)
- Price Change: +2.54%
- YTD Price Total Return: 20.0%
- Note: Bank of America declared preferred stock dividends for the fourth quarter of 2024.
Large-Cap Stock Movers
MicroStrategy Inc (MSTR)
- Price Change: +9.57%
- YTD Price Total Return: 110.05%
ProShares Trust UltraPro QQQ (TQQQ)
- Price Change: +8.51%
- YTD Price Total Return: 30.39%
Darden Restaurants (DRI)
- Price Change: +7.12%
- YTD Price Total Return: -0.55%
- Note: Reports earnings and plans to launch Olive Garden delivery via Uber Direct.
Airbnb Inc (ABNB)
- Price Change: +6.83%
- YTD Price Total Return: -10.08%
Ke Holdings Inc (BEKE)
- Price Change: +6.37%
- YTD Price Total Return: -11.48%
GS Acquisition A (VRT)
- Price Change: +4.51%
- YTD Price Total Return: 82.67%
IBIT NASDAQ (IBIT)
- Price Change: +5.36%
- YTD Price Total Return: 28.24%
FBTC NYSE (FBTC)
- Price Change: +5.72%
- YTD Price Total Return: 35.71%
Mid-Cap Stock Movers
Mobileye Global (MBLY)
- Price Change: +13.61%
- YTD Price Total Return: -73.2%
- Note: Intel will not sell down its stake.
NVDL
- Price Change: +10.14%
- YTD Price Total Return: 242.66%
Futu Holdings (FUTU)
- Price Change: +11.31%
- YTD Price Total Return: 8.93%
Wayfair Inc (W)
- Price Change: +7.81%
- YTD Price Total Return: -17.75%
10X Genomics Inc (TXG)
- Price Change: +6.07%
- YTD Price Total Return: -60.54%
GDS Holdings Ltd (GDS)
- Price Change: +5.39%
- YTD Price Total Return: 88.6%
Progyny Inc (PGNY)
- Price Change: -27.66%
- YTD Price Total Return: -34.27%
- Note: A large client plans to terminate services.
Miniso Group Holding Ltd (MNSO)
- Price Change: +9.08%
- YTD Price Total Return: -23.45%
Small-Cap Stock Movers
Armada Acquisition I (RZLV)
- Price Change: +44.81%
- YTD Price Total Return: -55.9%
- Note: Rezolve AI receives a $30 billion investment from Microsoft and BlackRock.
Edgewise Therapeutics (EWTX)
- Price Change: +42.21%
- YTD Price Total Return: 74.31%
- Note: Positive trial results for a heart disease drug.
XCHG Ltd ADR (XCH)
- Price Change: +26.18%
- YTD Price Total Return: 149.59%
Oric Pharmaceuticals Inc (ORIC)
- Price Change: +15.93%
- YTD Price Total Return: 15.98%
Ikonics Corp (WULF)
- Price Change: +12.44%
- YTD Price Total Return: 69.17%
- Note: Berger Montague investigates potential claims on behalf of TeraWulf shareholders.
ACELYRIN (SLRN)
- Price Change: +12.22%
- YTD Price Total Return: -38.34%
- Note: Announces positive Phase 3 clinical trial results for Izokibep in Hidradenitis Suppurativa.
GrafTech International (GTI)
- Price Change: +14.12%
- YTD Price Total Return: -77.41%
Golden Heaven Holdings (GDHG)
- Price Change: -32.13%
- YTD Price Total Return: -88.57%
4D Molecular Therapeutics (FDMT)
- Price Change: -22.5%
- YTD Price Total Return: -16.98%
AEABridges Impact (LVWR)
- Price Change: +5.61%
- YTD Price Total Return: -46.07%
Conclusion: How This Affects You
The Federal Reserve's decision to cut interest rates by 50 basis points has sent ripples through the stock market, particularly benefiting tech giants and various other sectors. For investors, this means potential opportunities to capitalize on the gains in mega-cap and large-cap stocks, especially those in the technology and healthcare sectors. Even if you are new to investing, understanding these market movements can help you make informed decisions about where to allocate your resources. Always remember, while the market can offer significant returns, it’s crucial to do your own research or consult with a financial advisor to navigate these waters effectively.
Stay informed and stay ahead with real-time updates and in-depth market analyses. Join Investing Pro for the latest insights and trends.
This article was generated with the support of AI and reviewed by an editor. For more information, see our T&C.