Top 5 Trending Stocks Today: Intel, Adobe, and More

On Wednesday, Wall Street experienced a notable bounce back as major stock indices broke a two-day trend of losses. The S&P 500 rose by 0.5%, closing at 5,599.30, while the Nasdaq saw an impressive gain of 1.2%, finishing at 17,648.45. In contrast, the Dow Jones Industrial Average saw a slight dip of 0.2%, closing at 41,350.93. This market rally was largely driven by a recent inflation report that came in cooler than expected, increasing hopes for potential monetary easing. Investors shifted their focus to pricing in three possible rate cuts from the Federal Reserve in 2025.

Among the stocks that drew significant attention from retail traders and investors were:

Intel Corp. (INTC)

Intel experienced a robust rise of 4.55%, closing at $20.68, having reached an intraday peak of $21.17. The stock's daily trading range extended from a low of $20.21. Over the past year, Intel's shares have fluctuated between $18.51 and $45.41. During after-hours trading, the stock surged nearly 11%. The positive momentum followed the announcement of Lip-Bu Tan as the company’s new CEO, effective March 18, who previously served on Intel's board.

D-Wave Quantum Inc. (QBTS)

D-Wave Quantum shares soared by 8.18%, closing at $5.82, with an intraday high reaching $6.39. The stock's lowest point for the day was $5.34, and its yearly range is between $0.75 and $11.41. In after-hours trading, shares increased by 3.4%. The stock showed remarkable gains after D-Wave, in collaboration with SkyWater Technology, announced a breakthrough in quantum computing, claiming their Advantage2 quantum computer had surpassed classical supercomputers in simulating magnetic materials.

Adobe Inc. (ADBE)

Adobe saw its stock rise by 1.14%, closing at $438.60. The shares peaked at $443.90 during intraday trading, with a low of $435.50. The 52-week trading range for Adobe is from $403.75 to $587.75. However, shares fell by 4% in after-hours trading. The company reported first-quarter results that exceeded expectations for both revenue and earnings per share. Revenue rose to $5.71 billion, surpassing the expectation of $5.66 billion, while adjusted earnings came in at $5.08 per share, above the forecast of $4.97.

Nvidia Corp. (NVDA)

Nvidia shares climbed by 6.43%, closing at $115.74, with an intraday high of $116.76 and a low of $112.88. Nvidia's stock has ranged from $75.61 to $153.13 in the past year. The company, alongside Advanced Micro Devices and Broadcom, is reportedly in discussions with Taiwan Semiconductor Manufacturing Company regarding a potential joint venture for Intel's factories.

Tesla Inc. (TSLA)

Tesla saw its share price jump by 7.59%, closing at $248.09 after hitting a high of $251.84 and a low of $241.10. The stock's 52-week range lies between $138.80 and $488.54. Recent reports indicated that Tesla's new U.S. registrations fell by 11% in January 2025, even as competitor registrations surged by 44%.

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