US Market Movers: Tech & AI Stocks Surge, MercadoLibre Hits New High, Disney Climbs While Pharma Dips on May 8th
The United States stock market is a hive of activity this May 8th, with significant price swings across various sectors. Tech and AI-related stocks are showing particularly strong upward momentum, while e-commerce giant MercadoLibre has touched a new peak. Entertainment stalwart Disney is also on the rise, contrasting with a notable dip in the pharmaceutical sector, specifically with Eli Lilly.
Tempus AI (TEM) Shares Skyrocket Nearly 8%
A standout performer today is Tempus AI Inc (NASDAQ: TEM). As of 10:47 am GMT-4, the artificial intelligence and precision medicine company saw its stock trading at a robust 63.40 USD. This marks a substantial increase of +4.65 USD, or an impressive 7.91%, for the session. Opening at 58.32 USD, TEM reached an intraday high of 64.48 USD and a low of 57.57 USD, significantly up from its previous close of 58.76 USD. Tempus AI’s market capitalization stands at 1.11KCr; P/E ratio and dividend yield data are currently unavailable. The stock is trading well above its 52-week low of 22.89 USD, though still below its 52-week high of 91.45 USD.
MicroStrategy (MSTR) Sees Healthy Gains
MicroStrategy Inc. (NASDAQ: MSTR) is also attracting positive investor sentiment. By 10:09 am GMT-4, the business intelligence firm, known for its significant Bitcoin investments, was trading at 407.17 USD, up +14.69 USD (3.74%) for the day. The stock opened at 408.16 USD, hit an intraday high of 410.92 USD, and a low of 404.50 USD, moving from a previous close of 392.48 USD. Its market cap is 11.14KCr.
Microsoft (MSFT) Continues Upward Trend
Tech behemoth Microsoft Corp (NASDAQ: MSFT) showed steady gains. At 10:08 am GMT-4, shares were at 437.35 USD, an increase of +4.00 USD (0.92%). The stock opened at 437.93 USD, with an intraday high of 441.10 USD and a low of 436.69 USD, up from a previous close of 433.35 USD. Microsoft boasts a market cap of 3.26LCr, a P/E ratio of 33.80, and a dividend yield of 0.76%.
MercadoLibre (MELI) Soars to New 52-Week High
Latin American e-commerce and fintech leader MercadoLibre Inc (NASDAQ: MELI) experienced a significant rally. As of 10:27 am GMT-4, shares were priced at 2,400.04 USD, a jump of +137.95 USD (6.10%). The stock opened at 2,470.07 USD and reached an intraday and new 52-week high of 2,501.00 USD. The intraday low was 2,380.68 USD, with a previous close of 2,262.09 USD. MercadoLibre’s market cap is 12.25KCr, and its P/E ratio is 63.67.
Walt Disney Co (DIS) Stock Climbs
Entertainment giant Walt Disney Co (NYSE: DIS) also saw its share price rise. By 10:40 am GMT-4, Disney shares were trading at 105.19 USD, up +3.10 USD (3.04%). The stock opened at 103.97 USD, reaching an intraday high of 105.80 USD and a low of 103.86 USD, above the previous close of 102.09 USD. Disney’s market cap is 19.05KCr, with a P/E ratio of 34.15 and a dividend yield of 0.95%.
Eli Lilly (LLY) Stock Faces Headwinds
In contrast to the broader positive sentiment in some sectors, Eli Lilly And Co (NYSE: LLY) faced downward pressure. As of 10:21 am GMT-4, the pharmaceutical company’s stock was at 741.95 USD, a significant decrease of -34.77 USD (4.48%). The stock opened at 765.00 USD, with an intraday high of 769.98 USD and a low of 739.72 USD, down from a previous close of 776.72 USD. Eli Lilly’s market cap is 70.36KCr, its P/E ratio is 60.32, and its dividend yield is 0.81%.
