Tesla, Amazon, Nvidia, Luminar, Enovix: Stocks Trending Today – Tesla…

Tesla, Amazon, Nvidia, Luminar, Enovix: Stocks Trending Today – Tesla…

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The major indexes ended mixed on Wednesday as investors and traders reviewed the minutes of the Federal Open Market Committees Policy session in early February. The minutes note that while participants agreed that there had been recent signs of moderation in inflationary pressures, they remained well above the Committee’s longer-term target of 2% and that the labor market remained very tight, contributing to this continued upward pressure on wages and prices. Meanwhile, the following are five stocks that are catching investors’ attention:

1. Tesla Inc TSLA: Shares of Tesla closed up 1.77% on Wednesday. Elon Musk said Wednesday that the Company will make California its global engineering home, although the company’s headquarters are now in Texas. He broke the news with the state governor, Gavin Newsomsaid the report.

Also read: Everything you need to know about Tesla stock

2. Amazon.com, Inc. AMZN: Amazon shares closed up 1.28% on Wednesday. Amazon and 1life Healthcare Inc ONE announced that the retail giant has completed its acquisition A doctor, a technology-driven primary care organization.

3. Nvidia Corporation NVDA: Shares of Nvidia up 8.75% in extended trading. The company reported revenue of $6.05 billion, slightly above Street’s estimate of $6.01 billion. It reported fourth-quarter non-GAAP earnings per share of 88 cents compared to the consensus estimate of 81 cents.

4. Luminar Technologies Inc LAZR: The company’s shares rose 28.81% on Wednesday and added another 3.92% in extended trading. The company announced an expansion of its partnership with Mercedes Benz to enable enhanced automated driving capabilities in a broad range of next-generation production vehicles.

5. Enovix Corp ENVX: The company’s shares closed 3.89% higher and gained another 13.29% in extended trading. The company reported a net loss of $11.18 million compared to a loss of $84.56 million in the same period last year.

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