Top 5 Trending Stocks Today: INTC, QBTS, ADBE, NVDA, TSLA

Wall Street experienced a significant rebound on Wednesday as major indices broke a two-day streak of losses. The S&P 500 rose by 0.5% to finish at 5,599.30, while the Nasdaq saw a more impressive increase of 1.2%, closing at 17,648.45. In contrast, the Dow Jones Industrial Average fell by 0.2%, finishing at 41,350.93. This rally was driven by a cooler-than-expected inflation report, which boosted hopes for monetary easing and led traders to anticipate three Federal Reserve rate cuts in 2025.

Here are the top stocks that garnered attention from retail traders and investors throughout the day:

Intel Corp. (INTC)

Shares of Intel climbed 4.55%, closing at $20.68. The stock reached an intraday high of $21.17 and a low of $20.21. Its 52-week trading range is between $18.51 and $45.41. In after-hours trading, the stock surged nearly 11%. The increase followed the announcement of a new CEO, Lip-Bu Tan, a former Intel board member, effective March 18.

D-Wave Quantum Inc. (QBTS)

D-Wave Quantum's shares rose by 8.18%, closing at $5.82. Throughout the day, the stock saw highs of $6.39 and lows of $5.34, with a 52-week trading range from $0.75 to $11.41. In after-hours trading, shares continued to climb by 3.4%. This surge was in response to an announcement of a significant milestone in quantum computing in partnership with SkyWater Technology. D-Wave's Advantage2 quantum computer purportedly surpassed classical supercomputers in simulating magnetic materials, showcasing quantum supremacy.

Adobe Inc. (ADBE)

Adobe’s shares increased by 1.14%, closing at $438.60, after an intraday high of $443.90 and a low of $435.50. The stock's 52-week range is between $403.75 and $587.75. However, after-hours trading reflected a decline of 4%. Adobe announced strong first-quarter financial results that exceeded analyst expectations for both revenue and earnings per share. Revenue hit $5.71 billion, surpassing the estimate of $5.66 billion, while adjusted earnings were reported at $5.08 per share, surpassing the predicted $4.97.

Nvidia Corp. (NVDA)

Nvidia witnessed a robust increase of 6.43%, closing at $115.74. The stock recorded intraday highs of $116.76 and lows of $112.88, with a 52-week range of $75.61 to $153.13. The company, alongside Advanced Micro Devices and Broadcom, has been approached by Taiwan Semiconductor Manufacturing Company (TSMC) regarding a joint venture to manage Intel's factories.

Tesla Inc. (TSLA)

Tesla's shares jumped 7.59% to close at $248.09, reaching an intraday high of $251.84 and a low of $241.10. The stock trades within a 52-week range of $138.80 to $488.54. While the company's new U.S. registrations fell by 11% in January 2025, registrations for its rivals saw an increase of 44%.

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