After closing at $148.26, SpaceX (SPCX) traded at a price below its opening IPO day price. At this level, only investors who received their IPO allotment at $135 have a profit on paper.
Nasdaq 100’s (NDAQ) inclusion of SPCX stock is unfortunate. Instead of waiting for the lockup to expire, passive, retail investors potentially hold shares at risk of further downside. CEO Elon Musk posted on X that the AI unit expanded access for Grok 4.5. It received strong positive feedback from customers.
xAI’s Grok needs to compete effectively against better AI models in a crowded space. AI users prefer Anthropic (ANTHRO) first, followed by OpenAI’s ChatGPT. Investors should exercise caution in Musk’s comments. Grok does not have independent third-party evaluators. That limits the value of the performance claims.
In the retail sector, the war risks in Iran hurt consumer stocks. Home Depot (HD) risked breaking down from its uptrend after falling by 2.61% on Wednesday. Lowe’s (LOW) fell by more, down by 3.64%. LOW stock has better value. In addition, the firm raised its dividend by 4.2% in its last payout announcement.
NVIDIA (NVDA) sat at a $4.77 trillion market capitalization. The stock returned above the $200 level (+3.65%). On Wednesday, the stock struggled at the $196 - $198 range. By noon, bargain hunters seeking a rebound bid shares higher. NVDA stock closed at $204.12.
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