Shares of SanDisk and other memory chip makers rallied after a Morgan Stanley analyst declared the recent sector selloff a buying opportunity, forecasting a 25% price jump due to intense data center demand.
Industrial conglomerate 3M saw its shares surge after raising its full-year profit forecast, while General Motors declined despite beating quarterly estimates. The mixed results came as the broader market looked to a rebound in technology stocks ahead of key earnings reports.
Shares of Marvell Technology gained over 5% in pre-market trading, leading a sector-wide advance in AI semiconductor and optical communications stocks amid growing investor focus on data center networking.
The professional services firm reported second-quarter adjusted EPS of $2.96 and revenue of $7.4 billion, both surpassing analyst forecasts and demonstrating strong underlying growth despite industry headwinds.
Intel shares jumped in pre-market trading after HSBC doubled its price target to a Wall Street high of $200 and the company announced an expanded AI collaboration with Google Cloud ahead of its Q2 earnings.
New Tajikistan-based carrier Shohin Airlines has placed its first aircraft order, signing a deal with Airbus for four A320neo family jets to support its launch of international routes.
Mobileye (NASDAQ: MBLY) stock gained after the company announced it will supply its cloud-enhanced driver-assist technology to automaker Stellantis, with the first integrations planned for 2027.
Shares of Live Nation Entertainment are trading lower after Susquehanna cut its rating to Neutral, citing limited near-term upside. The move is weighing on investor sentiment despite a conflicting, more bullish price target revision from UBS.
Shares of Western Digital (WDC) climbed significantly in pre-market trading, bouncing from technically oversold levels as strong analyst support and solid fundamentals attract investor attention.
