Today's Morning Movers and Top Ratings: GME, NVDA, ARM, TXN and More
Morning Movers
Gapping up
$GameStop(GME.US$ shares surged over 37% in the premarket after "Roaring Kitty" posted for the first time in roughly three years.
$Arm Holdings(ARM.US$ shares increased by 3.4% following a report that the chip company plans to launch its first artificial intelligence chips next year.
$NVIDIA(NVDA.US$ shares added about 1% after Jefferies hiked its price target on the chipmaker to $1,200 a share, implying about 34% upside. “We believe it's too early to sift out winners and losers in the AI basket yet, but NVDA is our favorite,” analyst Blayne Curtis wrote.
$Intel(INTC.US$ shares advanced 1.1% amid reports of potential $11 billion deal discussions to build a factory in Ireland.
$Squarespace(SQSP.US$ shares soared more than 12% after announcing a deal to go private.
Airline stocks, including $United Airlines(UAL.US$ , $Delta Air Lines(DAL.US$ , and $American Airlines(AAL.US$ , each grew 0.6% following buy ratings from HSBC.
$Incyte(INCY.US$ shares climbed more than 5% after the company approved a $2 billion share repurchase program.
Gapping down
$Kenvue(KVUE.US$ shares dropped nearly 2% after the announcement that Johnson & Johnson will sell its 9.5% stake in the company.
$Penn Entertainment(PENN.US$ shares fell 2.3% following a downgrade by Bank of America from buy to neutral.
$SolarEdge Technologies(SEDG.US$ shares declined 0.9% after a downgrade to neutral from positive due to wider-than-expected losses and weak revenue guidance.
Source: CNBC; Investing.com
US Top Rating Updates on 05/13
Source: Dow Jones
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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