SpaceX’s stock is rising, and that’s a good sign for Nvidia and Google
Some big names saw sizable paper gains on their SpaceX stakes when the stock went public, but trading has been volatile since then.
On Monday, several notable stocks experienced significant movements in the market. Among the largest-cap stocks, SanDisk (SNDK) saw a gain of 9.07%, while SpaceX (SPCX) rose by 5.56%. Meanwhile, Micron Technology (MU) and GE Vernova LLC (GEV) both increased by 5.0% and 3.1%, respectively. However, Facebook (META) saw a decline of 4.07%, and Philip Morris Intl (PM) dropped by 2.46%.
Among the large-cap stocks, Cerebras Systems Inc (CBRS) surged by 16.62%, and China Lodging Group (HTHT) climbed 5% following a positive earnings report and raised guidance. Coherent (COHR) and Credo Technology Holding (CRDO) also experienced gains of 10.52% and 9.97%, respectively. Vicor Corp (VICR) and Marvell Technology Group Ltd (MRVL) saw an increase of 8.05% and 6.51%, respectively.
In the mid-cap segment, AXT Inc (AXTI) jumped by 19.71%, and CF Acquisition Corp VI (RUMBW) rose by 16.07%. Figure Technology Solutions Ltd (FIGR) gained 12.15%, while Miniso Group Holding Ltd (MNSO) fell by 9.03%.
Small-cap stocks also had their share of movement, with Cantor Equity Partners III Inc (AIIR) increasing by 16.43%. Conversely, Flotek Industries Inc (FTK) saw a decline of 23.36%, and Rodgers Silicon Valley Acquisition (ENVX) experienced a rating downgrade by William Blair following a CEO resignation, leading to a 16.29% drop. Evolution Metals Tech (EMAT) and Bally's (BALY) also saw declines of 11.55% and 30.59%, respectively.
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