It was a rough Monday for U.S. markets, with the Dow sliding 1.2% to close at 46,590.24, the S&P 500 dropping 0.92% to 6,672.41, and the Nasdaq falling 0.84% to 22,708.07. But within the broader decline, several stocks managed to grab the spotlight among retail traders and investors.
Nvidia Corporation
Nvidia Corporation (NVDA) slipped 1.88% to close at $186.60, trading between an intraday high of $189 and a low of $184.32. The stock remains well off its 52-week high of $212.19, though it's still more than double its 52-week low of $86.63.
The real story here is Wednesday's earnings report, which market watchers are treating as a significant catalyst not just for Nvidia but for global markets broadly. Sure, the company's growth has slowed from its previous breakneck pace, but it remains absolutely central to Big Tech's data center spending plans. This is the company that recently became the first to surpass a $4.5 trillion market cap, powered by its GPUs' dominant position in AI applications and gaming. When Nvidia reports, people listen.
Dell Technologies Inc.
Dell Technologies Inc. (DELL) had a particularly painful day, dropping 8.42% to $122.48. The stock hit an intraday high of $128.41 before falling to a low of $120.01, moving further from its 52-week high of $168.08 and closer to its low of $66.25.
The culprit? A bearish analyst call from Morgan Stanley that investors took seriously. The firm downgraded Dell from Overweight to Underweight and slashed its price target to $110 from $144. Analyst Erik Woodring's concern centers on rising DRAM and NAND costs, which could put serious pressure on Dell's margins and valuation. Here's the kicker: memory accounts for up to 70% of Dell's major product lines, so when memory prices rise, Dell feels it acutely. With earnings due next week, analysts are expecting Dell to post $2.47 per share in profit and $27.11 billion in revenue for the third quarter.
Coinbase Global Inc.
Coinbase Global Inc. (COIN) shares tumbled 7.06% to $263.95, trading between a high of $277.83 and a low of $258.22. The stock's 52-week range tells the volatility story: a high of $444.65 and a low of $142.58.
This decline wasn't company-specific but rather a reflection of the broader crypto market crash that sent shockwaves through digital assets Monday. Bitcoin dropped below $92,000 while Ethereum lost the psychologically important $3,000 mark. For Coinbase, this matters tremendously because its revenue is directly tied to crypto asset prices and trading volume. When crypto crashes, Coinbase tends to follow.
Gorilla Technology Group Inc.
Gorilla Technology Group Inc. (GRRR) decreased 2.47% during regular trading to close at $12.62, with an intraday high of $13.36 and a low of $12.50. The 52-week range spans from $44.15 down to $3.71. But the after-hours session told a different story entirely, with the stock shooting up nearly 18% to $14.89.
The reason for the after-hours enthusiasm? The company reported third-quarter revenue of $26.5 million, representing a solid 32% increase year-over-year. That growth was driven by AI infrastructure and enterprise projects across various regions, suggesting Gorilla Technology is successfully capitalizing on the AI infrastructure buildout.
Archer Aviation Inc.
Archer Aviation Inc. (ACHR) fell 5.84% to $7.42 during regular hours, with a high of $7.88 and a low of $7.24. The stock's 52-week high sits at $14.62, with a low of $4.05. Like Gorilla Technology, Archer found a second wind in after-hours trading, spiking over 4% to $7.72.
The catalyst here is genuinely interesting: Archer opened up a new revenue stream by licensing its proprietary powertrain technology for the first time, expanding its use beyond the company's own Midnight eVTOL aircraft. The first recipient is Omen, an autonomous hover-to-cruise aircraft co-developed by Anduril and EDGE Group in the UAE. Archer emphasized that its vertically integrated U.S. facilities can produce the powertrain at scale while meeting aviation-grade safety and performance standards, which could be a significant competitive advantage as the eVTOL market develops.
As markets digest Monday's moves, all eyes will be on Nvidia's Wednesday earnings report and Dell's upcoming results to see whether these bellwether tech companies can provide reassurance or add fuel to investor concerns.