Electric vehicle maker Tesla Inc. continues to be the most-discussed stock on Reddit’s r/WallStreetBets forum as of early Tuesday.
What Happened: Tesla is seeing the highest interest on the forum with 862 mentions as at press time, followed by exchange-traded fund SPDR S&P 500 ETF Trust with 341 mentions, data from Quiver Quantitative showed.
Tech giant Apple Inc. and graphics chipmaker Nvidia Corp. are in the third and fourth positions, having attracted 145 and 122 mentions, respectively.
Why It Matters: Tesla’s shares gained more than 13% in Monday’s regular trading session after the Elon Musk-led company reported record fourth-quarter deliveries despite global supply headwinds.
Apple is seeing high interest on the forum after the iPhone maker on Monday became the first company to breach the$3 trillion market capitalization mark.
Nvidia’s shares rose along with shares of other chipmakers on Monday after Citigroup analyst Christopher Danely cited a weekend report from the Semiconductor Industry Association and noted that November chip sales were “well above” seasonal trends, while lead times continued to get longer.
Price Action: Tesla shares closed 13.5% higher in Monday’s regular trading session at $1,199.78 and further rose almost 0.9% in the after-hours session to $1,209.97.
