Micron, AMD, SanDisk, IREN and Rivian: Why These 5 Stocks Are on Investors' Radars Today?

Wall Street ended Monday higher, with the Dow Jones Industrial Average adding 0.29% to 53,055.91, the S&P 500 rising 0.72% to 7,537.43 and the Nasdaq climbing 1.12% to 26,121.16.

These are the top stocks that gained the attention of retail traders and investors through the day: Micron Technology Inc. (NASDAQ: MU ) Micron Technology’s stock rose by 0.94%, closing at $984.75.

The stock reached an intraday high of $1019 and a low of $980.85, with a 52-week range between $1,255 and $103.38.

In the after-hours trading, the stock fell 2.5% to $960.

Investors are showing renewed interest in semiconductor stocks, and Micron is benefiting from this trend.

Despite recent consolidation, Micron remains in a strong long-term uptrend, trading significantly above its 50-day and 200-day simple moving averages.

Read Also: Bitcoin In a 'Bottoming' Process, Says Cathie Wood: Will Resume 'Very Volatile but Broad Uptrend' Advanced Micro Devices Inc. (NASDAQ: AMD ) Advanced Micro Devices saw a significant 6.61% increase, closing at $552.05.

The stock’s intraday high was $572.50, with a low of $527, and a 52-week range of $584.73 to $133.50.

AMD continues to perform strongly in the semiconductor sector, maintaining its position above key moving averages.

The stock’s relative strength index indicates neutral momentum, suggesting that future movements will depend on price action.

Meanwhile, Japanese autonomous driving startup Turing Inc. raised $79 million in an extension of its Series A funding round, adding AMD Ventures as a new investor and expanding its use of Advanced Micro Devices’ AI accelerators.

The funding reportedly valued the company at approximately $600 million.

SanDisk Corp. (NASDAQ: SNDK ) SanDisk’s stock experienced a slight decline of 0.03%, closing at $1,744.43.

It reached an intraday high of $1,837.77 and a low of $1,713.2, with a 52-week range from $2,354.39 to $40.10.

In extended trading, the stock fell 3.13% to $1,689.75.

Wall Street expects Sandisk to report quarterly results on Aug.

13, with analysts forecasting earnings of $33.38 per share on $8.24 billion in revenue, compared with 29 cents per share and $1.90 billion in revenue a year earlier.

Recent analyst forecasts included price target increases from Bank of America to $2,500, Bernstein to $3,000, and Citigroup to $2,500.

IREN Ltd (NASDAQ: IREN ) IREN’s stock soared by 13.11%, closing at $43.91.

The stock hit an intraday high of $44.97 and a low of $41.75, with a 52-week range from $76.87 to $14.72.

IREN gained attention after a report said Anthropic was seeking at least 1.4 gigawatts of Australian data center capacity in a project valued at $12 billion to $15 billion.

IREN was reportedly shortlisted alongside several other providers for the tender.

The report said Anthropic was targeting at least 1 gigawatt of operational capacity by the end of 2027 and could divide the project among multiple data center operators rather than awarding it to a single company.

Rivian Automotive Inc. (NASDAQ: RIVN ) Rivian Automotive’s stock increased by 8.11%, closing at $20.14.

The stock’s intraday high was $20.20, with a low of $18.39, and a 52-week range of $22.69 to $11.57.

The stock tumbled down 9.33% to $18.26 in the after-hours session.

On Monday, Rivian reported impressive second-quarter production and delivery figures, surpassing its own expectations.

The company has raised its full-year delivery guidance, reflecting strong growth in its vehicle deliveries.

However, the stock fell in extended trading on the same day, after it announced a public funding.

Rivian announced an underwritten public offering of up to 75 million common shares, with an option for underwriters to purchase an additional 11.25 million shares, to raise funds for general corporate purposes.

The company said the proceeds would help fund obligations under its amended loan and support agreement with the U.S.

Department of Energy, and it ended the first quarter with approximately $4.83 billion in cash, cash equivalents and short-term investments.

Edge Stock Rankings indicate Rivian stock has a Momentum score in the 72nd percentile.

Read Also: Jason Calacanis Says Nvidia Is 'Taking the Gloves Off' With Nemotron, Predicts Jensen Huang Will Challenge OpenAI, Anthropic by Owning the Whole AI Stack Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published editors.

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