Trump Could Make Surprising Tech Announcement Any Day

Elon Musk is heavily invested in a cutting-edge new technology. In fact, Musk has turned the new president on to this breakthrough. And President Trump could make an announcement any day that could spike the price of stocks in this sector.

Microsoft, Applied Digital, Rigetti Computing, Eli Lilly, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Benzinga Neuro
January 14, 2025

The U.S. stock market experienced mixed results on Tuesday. The Dow Jones index climbed over 220 points to 42,518.28, while the Nasdaq saw a decline of 0.2% to 19,044.39. The S&P 500 showed modest gains. rising 0.1% to 5,842.91.

These are the top stocks that gained the attention of retail traders and investors throughout the day:

Microsoft Corp (NASDAQ:MSFT).

Microsoft’s stock dipped by 0.36%, closing at $415.67. The stock reached an intraday high of $419.74 and a low of $410.72, with a 52-week range between $384.81 and $468.35. The tech giant announced a new engineering organization, CoreAI—Platform and Tools, aimed at enhancing its AI capabilities. This division will integrate various teams to develop the end-to-end Copilot and AI stack, including GitHub Copilot.

Applied Digital Corp (NASDAQ:APLD).

Applied Digital’s shares surged 9.98%, closing at $8.54. The stock hit an intraday high of $9.72 and a low of $8.25, with a 52-week range from $2.36 to $11.25. The company reported impressive fiscal second-quarter results, with revenue of $63.9 million, surpassing analyst expectations. The growth was largely driven by its Cloud Services sector, which saw a 523% increase year-over-year.

Rigetti Computing Inc. (NASDAQ:RGTI)

Rigetti Computing’s stock skyrocketed 47.93%, closing at $8.95. It reached an intraday high of $8.97 and a low of $6.56, with a 52-week range of $0.66 to $21.42. The stock rebounded after previous declines, following remarks by Nvidia and Meta executives about the timeline for quantum computing. Despite the uncertainty, Rigetti’s shares saw a significant boost, reflecting investor optimism in its potential.

Eli Lilly and Co. (NYSE:LLY)

Eli Lilly’s shares fell 6.59%, closing at $744.91. The stock had an intraday high of $784.23 and a low of $729, with a 52-week range of $612.7 to $972.53. The company reduced its fourth-quarter revenue guidance, expecting $13.5 billion, below previous estimates. Despite this, Eli Lilly anticipates strong sales from its weight loss and diabetes drugs.

Tesla Inc. (NASDAQ:TSLA)

Tesla’s stock decreased by 1.72%, closing at $396.36. It reached an intraday high of $422.64 and a low of $394.54, with a 52-week range from $138.80 to $488.54. The company saw a rise in Cybertruck sales, with nearly 39,000 units sold in 2024. However, this success came at the expense of its luxury Model S and X sales, which saw significant declines. The data highlights the impact of the Cybertruck’s popularity on Tesla’s overall sales strategy.

Prepare for the day’s trading with top premarket movers and news by Benzinga.

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This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal

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