Applied Digital Corp, Meta Platforms, Alphabet, Lyra Therapeutics, Tesla: Why These 5 Stocks Are On Investors' Radars Today
U.S. stocks closed higher on Monday, with notable movements in several stocks. Applied Digital Corp surged 48.46% after announcing long-term lease agreements with CoreWeave. Meta Platforms rose 3.62% as it prepares to launch an AI-driven ad creation system. Alphabet's Class A shares fell 1.6%, but analysts remain optimistic about its AI positioning. Lyra Therapeutics jumped 310.75% following positive trial results for LYR-210. Tesla's shares declined 1.09% amid rising competition from Chinese EV makers.
U.S. stocks closed higher on Monday, with the Dow Jones Industrial Average inching up 0.08% to 42,305.48, the S&P 500 advancing 0.4% to 5,935.94, and the Nasdaq climbing nearly 0.7% to 19,242.61.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Applied Digital Corp APLD
Applied Digital’s shares surged by 48.46%, closing at $10.14. The stock hit an intraday high of $10.54 and a low of $8.03, with a 52-week range of $3.01 to $12.48. The shares rose nearly 3.5% in the after-hours trading. The company announced long-term lease agreements with CoreWeave Inc., spanning approximately 15 years. These agreements will provide 250 megawatts of critical IT load to support CoreWeave’s AI and high-performance computing infrastructure at Applied Digital’s North Dakota data center.
Meta Platforms Inc. META
Meta Platforms saw a 3.62% increase, closing at $670.90. The stock’s intraday high was $673.26, with a low of $644.26, and a 52-week range of $442.65 to $740.89. The company is reportedly preparing to launch a fully automated ad creation system powered by AI by the end of 2026. This initiative is part of CEO Mark Zuckerberg’s strategy to enhance AI capabilities and revolutionize ad creation and delivery.
Alphabet Inc. GOOGL GOOG
Alphabet’s Class A stock declined by 1.6%, closing at $169.03. The stock reached a high of $169.87 and a low of $167.39, with a 52-week range of $140.53 to $207.05. The Company’s Class C shares closed 1.4% lower at $170.37. Despite concerns about Google Search’s value, Goldman Sachs analysts believe Alphabet is strategically positioned for the AI era, particularly with its Google AI and YouTube offerings.
Lyra Therapeutics, Inc. LYRA
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Lyra Therapeutics experienced a remarkable 310.75% jump, closing at $20.25. The stock’s intraday high was $37.50, with a low of $8.65, and a 52-week range of $3.81 to $37.50. The surge followed the release of positive results from the ENLIGHTEN 2 Phase 3 trial of LYR-210, which showed significant improvement in treating Chronic Rhinosinusitis. The stock gained 4.9% in after-hours trading.
Tesla Inc. TSLA
Tesla’s shares fell by 1.09%, closing at $342.69. The stock recorded an intraday high of $348.02 and a low of $333.33, with a 52-week range of $167.42 to $488.54. The company is facing increased competition from Chinese electric vehicle makers, including BYD, Li Auto, Nio, and Xpeng, all of which reported strong delivery numbers for May.
Benzinga’s Edge Stock Rankings show that Meta has a positive Price Trend in the Short, Medium and Long terms. Here is how the stock is ranked on other metrics.
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This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal
