Major U.S. indices ended higher on Thursday, with the Dow Jones Industrial Average rising 0.13% to 53,839.99, the S&P 500 gaining 0.65% to 7,798.99 and the Nasdaq advancing 0.81% to 26,803.02.
These are the top stocks that gained the attention of retail traders and investors through the day:
SanDisk Corp (NASDAQ:SNDK)
SanDisk shares surged 13.67%, closing at $1,528.11. The stock hit an intraday high of $1,580.88 and a low of $1,331.58, with a 52-week range between $2,354.39 and $42.83. In the after-hours trading, the stock rose 2.73% to $1,569.80.
SanDisk said it expected revenue to grow at a mid-to-high-teens annual rate through fiscal 2028-2030, with adjusted gross margins near 80%, operating margins around 75% and free cash flow at roughly 50% of revenue.
The company said eight customers had signed multi-year agreements covering about half of its fiscal 2027 chip shipments and roughly two-thirds of fiscal 2028 shipments, while it expected data-center flash demand to reach 1.2 zettabytes by 2030.
Workday Inc. (NASDAQ:WDAY)
Workday’s stock jumped 17.78% to close at $206.45, reaching a high of $227.49 and a low of $174.60. The 52-week high and low are $249.85 and $110.36, respectively.
Silver Lake had been in talks to acquire Workday in a deal valued at up to $43 billion, potentially making it one of the largest software buyouts ever. The private equity firm was considering bringing in additional backers to finance the transaction.
Workday, founded in 2005, had more than 11,500 customers worldwide, while Silver Lake had about $114 billion in combined assets under management and committed capital.
Applied Materials Inc. (NASDAQ:AMAT)
Applied Materials saw a decline of 2.48%, closing at $534.54. The stock’s intraday high was $563.76, with a low of $531.79. Its 52-week range is $739.67 to $154.47. In extended trading, the stock fell 5.03% to $507.63.
Applied Materials reported fiscal third-quarter 2026 revenue of $9.12 billion, up 25% year over year, while adjusted EPS came in at $3.50, both above estimates. The company generated $3.04 billion in operating cash flow and returned $860 million to shareholders through buybacks and dividends.
For the fourth quarter, Applied Materials guided to revenue of $10.25 billion, plus or minus $500 million and adjusted EPS of $3.82-$4.22, citing strong AI-driven demand and increased visibility into 2027.
Netflix Inc. (NASDAQ:NFLX)
Netflix shares rose 5.43%, ending the day at $78.24. The stock’s high and low were $78.40 and $75.44, respectively, with a 52-week range of $126.71 to $65.10.
Billionaire investor Bill Ackman’s Pershing Square had re-entered Netflix with a 3.15 million-share stake, representing 4.9% of its portfolio, four years after losing more than $400 million on the streaming company. The firm said Netflix had effectively “won the streaming wars” and expected double-digit revenue growth with continued margin expansion.
Pershing Square had also disclosed new stakes in Visa, Mastercard, S&P Global, Intercontinental Exchange and Alcon, while Microsoft and Uber remained its two largest holdings at 12.4% and 12% of the portfolio, respectively.
Reddit Inc. (NASDAQ:RDDT)
Reddit’s stock increased by 3.04%, closing at $158.12. The day’s high was $159.29, and the low was $152.67, with a 52-week range of $282.95 to $119.27. The stock popped 12.45% to $177.80 in the after-hours session.
Reddit was set to join the S&P 500 effective before the Aug. 18 open, replacing AvalonBay Communities after its merger with Equity Residential. More than 99% of shareholders at both REITs approved the deal, which was expected to close on Aug. 17.
Reddit had been passed over for S&P 500 inclusion in favor of Ferguson Enterprises earlier in August and Marvell Technology and Flex in June, despite meeting the market-cap and profitability requirements.
An M&A-driven vacancy had finally cleared the way for Reddit’s inclusion, with index fund managers expected to add the stock ahead of the Tuesday open.
Benzinga Edge Stock Rankings indicate Reddit stock has a Momentum score in the 15th percentile and Value score in the 28th percentile.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Minh8686 / Shutterstock
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