Nvidia, Super Micro, Tesla, Palantir, Broadcom, Kroger, Strategy, Coinbase, and Robinhood: Stocks to watch today

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Stocks erased morning gains and declined by afternoon on Monday as investors awaited President Donald Trump’s tariffs on imports from Canada, Mexico, and China set to take effect on Tuesday. As the day ended in New York, the S&P 500 slid 1.7%, while the Nasdaq dipped 2.6%. The Dow Jones Industrial Average shed 1.4%.

Nvidia, Dell, and Super Micro stock tumble as new China probe sparks fears of tighter scrutiny

Here are stocks to watch today:

Broadcom

Shares of Broadcom (AVGO-6.94%) declined as the semiconductor manufacturer prepares to report earnings after Thursday’s closing bell.

Kroger

Kroger’s (KR-3.17%) stock fell in the afternoon as CEO Rodney McMullen resigned following an investigation into his personal conduct. The news comes just ahead of the grocery chain’s earnings release on Thursday.

Nvidia

Nvidia (NVDA-9.60%) shares fell on Monday as concerns mounted over AI-related spending and the impact of new tariffs set to take effect. The chip manufacturer seems to be cautious about limitations on the export of AI chips.

Read here: Nvidia and Super Micro Computer stock plunge as a new probe over China raises concerns about tighter scrutiny

Palantir

Shares of Palantir (PLTR-2.28%were up on Monday as Wedbush analysts said the recent selloff in Palantir stock was misguided because the company’s “unique software value proposition” means it actually stands to benefit from initiatives by Elon Musk’s so-called Department of Government Efficiency.

The company is also set to gain from the Trump administration’s focus on AI, a technology that’s sent Palantir toward a $1 trillion market capitalization and could make it the next Oracle (ORCL-2.62%or Salesforce (CRM-2.08%, the Wedbush analysts wrote.

Super Micro Computer

Super Micro Computer (SMCI-13.52%), a key player in AI hardware, also declined, mirroring Nvidia’s slump. Investors are uncertain about how Trump’s tariffs could shape the future of the AI industry.

Tesla

Shares of Elon Musk’s Tesla (TSLA-4.43%) surged over 3% on Monday after Morgan Stanley analyst Adam Jonas restored the stock as a “Top Pick” in U.S. autos. His price target of $430 per share suggests a potential upside of more than 50% from Tesla’s current share price.

Coinbase, Robinhood and Strategy

Cryptocurrency-related companies and Bitcoin holders, including Coinbase (COIN-5.20%), Strategy (MSTR-3.34%), and Robinhood (HOOD-6.40%), surged Monday following Trump’s announcement of a strategic crypto reserve encompassing Bitcoin and other cryptocurrencies.