Growth boosts valuation multiples, but it doesn’t always last forever.
Companies that cannot maintain it are often penalized with large declines in market value, a lesson ingrained in investors who lost money in tech stocks during 2022.
On Thursday, the Dow Jones finished nearly flat at 41,859.09. The S&P 500 dipped slightly, losing 0.04% to close at 5,842.01. Meanwhile, the Nasdaq edged higher, gaining 0.3% to end the day at 18,925.73. These are the top stocks that gained the attention of retail traders and investors throughout the day:
Shares of IonQ Inc. (NYSE: IONQ) soared on Thursday after CEO Niccolo de Masi made bold statements comparing the company's trajectory to that of Nvidia Corp (NASDAQ:NVDA).
Stay up-to-date with the latest market trends one hour before the close of the markets on Thursday. Explore the top gainers and losers during today's session in our detailed report.
Shares of quantum computing company IonQ (NYSE:IONQ) jumped 36.3% in the afternoon session after renewed enthusiasm for quantum computing following the sharp pullback in the first quarter of the year.
The two companies plan to develop quantum applications that address large-scale routing and scheduling problems that have traditionally challenged classical computing.
In a world where many businesses have shaky balance sheets, some have ignored the crowd and exercised prudence.
These cash-heavy companies shine bright for their financial discipline, resilience, and ability to generate solid returns.
