A Closer Look
Super Micro Computer, Inc. (SMCI) has been on a rollercoaster ride in recent months, with its stock price dropping over 60% due to allegations of financial misconduct, the resignation of its auditor, and the potential delisting of its stock. Earlier this week, the company announced it had prepaid and ended its loan agreements with Cathay Bank and Bank of America N.A.
Nvidia Corp. (NVDA) saw its stock price rise on news that less stringent sanctions on semiconductor equipment and AI memory chips might be coming soon. Traders are hopeful that this will boost the company's performance.
MicroStrategy, Inc. (MSTR) has seen its stock price climb nearly 50% over the past month as the price of Bitcoin has risen. However, the stock appears to be losing momentum as the trading week comes to an early close on Friday.
SoFi Technologies, Inc. (SOFI) continues to be a favorite among retail investors, with its stock price gaining over 55% in the past month. The company recently launched its Robo-Advisor platform, which leverages a partnership with BlackRock to offer investors new strategies and funds.
Tesla, Inc. (TSLA) rounded out the list on Friday, trading higher on relatively light volume. Tesla shares have rebounded more than 90% in the second half of the year as CEO Elon Musk took a prominent role as President-elect Donald Trump's new advisor. However, it remains unclear what effect the Trump administration will have on the EV industry and Tesla as a result.