Live Market Updates: Nasdaq Composite Jumps, Tesla Soars Again, Palantir Plummets | TSLA, PLTR

As of 3:30 p.m. ET, the Nasdaq is up about .70%. Super Micro Computer remains the biggest mover in the Nasdaq-100, jumping 28% on the day.

Other stocks up big in late trading include:

• Moderna: Up 7.6% today after an upgrade from HSBC which called the stock undervalued.
• Advanced Micro Devices: Up 3.7% after reports rival NVIDIA is still facing overheating problems with its new Blackwell systems.

As of 10:35 a.m. ET, the Nasdaq Composite is now up 163 points, or .87%.

Tesla remains the biggest contributor to the gains. However, other large stocks are doing well. Apple (Nasdaq: AAPL) is up 1.25%. Advanced Micro Devices (Nasdaq: AMD) is up 3.5%, and Qualcomm (Nasdaq: QCOM) is up 2.20%.

NVIDIA (Nasdaq: NVDA) is on the other end of performers, falling 1.7% after reports its Blackwell systems with 72 GPUs are suffering from overheating issues. The continued focus on dissipating heat from cutting-edge GPU systems is likely a boon for companies like Vertiv Holdings (NYSE: VRT) that specialize in liquid-cooling technologies.

Here are some notable stocks on the move today:

• Super Micro Computer: The company has been fighting a battle to avoid being delisted following the resignation of its auditor. Over the weekend, Super Micro filed paperwork to stay in compliance with Nasdaq rules and avoid delisting. Shares in the server company are up 19.4% in early trading on optimism Super Micro’s efforts will result in the company staying listed on the Nasdaq. However, it is worth noting that there are reports of NVIDIA shifting chip orders to other server companies and large AI companies like xAI also shifting orders from Super Micro while it battles allegations of poor accounting practices.
• Palantir Technologies: Down 9% today after jumping 11% on Friday. The company jumped Friday on news it will move its shares from the New York Stock Exchange to the Nasdaq. That move would trigger inclusion into ETFs and other financial vehicles with large assets under management. However, a member of the Palantir Board of Directors posted a message on X stating “We are moving @PalntirTech to Nasdaq because it will force billion in ETF buying and deliver “tendies” to our retail investors” Player haters be aware that we’ve been hated for decades (plural). Everything we do is to reward and support our retail diamondhands following.” The post was later deleted, but it reflected poorly on the company and is likely triggering today’s sell-off.