Shares of Advanced Micro Devices rose 4.67% on Tuesday, leading gains among mega-cap stocks as Raymond James upgraded the chipmaker’s rating, citing expectations for AI server demand. Dell climbed 3.48% alongside the broader tech sector momentum.
Moderna surged 13.54% after Wolfe Research upgraded the biotech firm’s stock to outperform, citing positive trial results. The upgrade followed Moderna’s recent clinical progress in its vaccine pipeline.
Among large-cap movers, Super Micro Computer advanced 8.91%, while Robinhood Markets rose 7.32%. Bloom Energy gained 6.06%, though the company remains under regulatory scrutiny after a New York Times report indicated the SEC had issued subpoenas to banks regarding its situational awareness practices.
Mid-cap stocks saw notable gains, with Generate Biomedicines rising 12.44% and AltC Acquisition climbing 12.17%. Rumble advanced 12.07%, while Twist Bioscience gained 9.13%.
Small-cap stocks led percentage gains, with Richtech Robotics surging 18.52% and Standard Nuclear up 18.01%. Inhibrx Biosciences rose 15.95%, and Cartesian Growth III gained 13.7%.
