Nvidia surged 7.3% on strong AI chip demand, while Palantir rose 6.8% after unveiling new government contracts. GameStop jumped 18.4% on retail investor momentum and a new stock buyback announcement, driving broad market activity.
- Nvidia (NVDA) rose 7.3% on strong AI chip demand and cloud infrastructure growth.
- Palantir (PLTR) gained 6.8% following a $1.2 billion government contract extension.
- GameStop (GME) surged 18.4% on a $500 million buyback and new strategic partnership.
- EchoStar (SATS) advanced 5.1% with Q3 satellite revenue up 12.7% YoY.
- AeroVironment (AVAV) increased 4.9% on a $240 million U.S. Defense order.
- Photronics (PLAB) climbed 5.6% with 17% revenue growth and revised full-year guidance.
Nvidia Inc. (NVDA) emerged as the top-performing stock today, gaining 7.3% after reports indicated sustained demand for its data center GPUs from major cloud providers. The momentum followed a recent earnings beat and continued investor confidence in AI infrastructure growth. GE Vernova (GEV) advanced 4.2% on positive commentary about its energy transition projects, particularly in offshore wind and grid modernization, amid increasing focus on U.S. energy resilience. Palantir Technologies (PLTR) climbed 6.8% after disclosing a $1.2 billion contract extension with a federal intelligence agency, boosting its backlog to $6.8 billion. The deal underscores growing reliance on data analytics in national security applications. EchoStar (SATS) rose 5.1% following stronger-than-expected Q3 satellite service revenues, up 12.7% year-over-year, driven by expanded broadband subscriptions in rural markets. GameStop (GME) saw the most dramatic move, surging 18.4% after announcing a $500 million share repurchase program and a new partnership with a blockchain-based gaming platform. The rally drew renewed attention from retail traders, with trading volume exceeding 28 million shares. AeroVironment (AVAV) gained 4.9% on a Defense Department order for 150 upgraded unmanned aerial systems, valued at $240 million. Photronics (PLAB) rose 5.6% after reporting a 17% increase in quarterly revenue, attributed to higher demand for semiconductor photomasks from advanced logic chipmakers. The company also raised its full-year guidance, projecting adjusted EBITDA growth of 14% to 16%.