QBTS, DOCU, ULTA, META, TSLA: Top 5 Trending Stocks Today

On Thursday, major U.S. indices faced a volatile trading day, leading to significant movement in the stock market. The S&P 500 index officially entered technical correction territory as it fell 10% from its all-time high. This decline was largely attributed to increasing trade tensions and recent tariff threats from President Donald Trump. While recent inflation data had sparked some optimism regarding the U.S. economy, concerns over trade policies persisted, making investors wary that new tariffs could negatively impact corporate earnings and disrupt supply chains.

The S&P 500 dropped by nearly 1.4%, closing at 5,521.52. Similarly, the Nasdaq experienced an almost 2% decline, finishing at 17,303.02. The Dow Jones Industrial Average also saw a setback, ending the day down 1.3% at 40,813.57.

In the midst of this turbulent market environment, several stocks gained attention both from retail traders and institutional investors:

D-Wave Quantum Inc. (NASDAQ: QBTS)

Shares of D-Wave Quantum surged by 18.73%, closing at $6.91. The stock hit an intraday high of $7.12 and a low of $6.04, with its 52-week high at $11.41 and low at $0.75. On this day, D-Wave reported an adjusted earnings loss of 8 cents per share for its fourth quarter, slightly missing analyst expectations. Despite a year-over-year decline in quarterly sales by 21%, dropping to $2.309 million, strong booking growth and a positive outlook attracted investor interest.

DocuSign Inc. (NASDAQ: DOCU)

DocuSign's stock experienced a decline of 6.78%, closing at $74.70, after reaching an intraday high of $79.36 and a low of $74.26. With a 52-week range of $107.86 to $48.70, the stock later rallied, increasing by 11.65% in after-hours trading to reach $83.40. The company reported fourth-quarter revenue of $776.3 million, outperforming analyst forecasts, with earnings per share also above expectations.

Ulta Beauty Inc. (NASDAQ: ULTA)

Ulta Beauty saw its shares drop by 4.48%, closing at $314.47 for the day. However, the stock made a notable recovery in after-hours trading, rising by 6.5% to $335. During the session, the shares peaked at $329.54 and hit a low of $309.01. Ulta's 52-week high is $574.76, while its low is $309.01. The company reported fourth-quarter revenue of $3.49 billion, exceeding market estimates, and its earnings per share also surpassed expectations, making fiscal 2025 a significant year for the business.

Meta Platforms Inc. (NASDAQ: META)

Shares of Meta Platforms fell by 4.67%, closing at $590.64. The stock's intraday high was $620.50, with a low of $586.51, and its 52-week range is between $740.91 and $414.50. This decline is attributed to the overall market sell-off, which has been influenced significantly by tariff concerns affecting technology stocks.

Tesla Inc. (NASDAQ: TSLA)

Tesla's stock also faced a downturn, decreasing by 2.99% to close at $240.68. The intraday high was $248.29, while it dipped to a low of $232.60. Tesla has a 52-week high of $488.54 and a low of $138.80. Analysts at JPMorgan warn that the company may report its lowest quarterly deliveries since 2022, citing the involvement of CEO Elon Musk with the Trump administration as a possible factor affecting the brand’s value.

As the market continues to navigate through these challenges, investors are keeping a close eye on how trade policies will unfold and their potential impact on corporate earnings in the near future.

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