Welcome to Extreme Investor Network, where we bring you the latest insights and news from the world of finance. Today, we take a look at some of the top companies making headlines in the stock market.
Apple, the tech giant, is implementing aggressive discounts on its iPhones in China, causing its shares to slip slightly. Meanwhile, Micron Technology saw a 2.3% increase in its stock price after being upgraded by Morgan Stanley. The bank cited the underestimated economic and narrative elements of artificial intelligence memory for the upgrade. Nvidia, another chipmaking stock, is seeing a 1.4% rise as it prepares for its quarterly earnings report later this week. Analysts are bullish on Nvidia, with firms like Barclays and Stifel raising their price targets on the stock.
On the electric vehicle front, Li Auto, a Chinese EV maker, reported weaker-than-expected earnings for the first quarter, leading to a 4.3% drop in its U.S. shares. GameStop and AMC Entertainment saw fluctuations in their stock prices during premarket trading, following a volatile week fueled by the meme-stock trade resurgence.
In other news, Johnson Controls saw a 5% increase in its share price after reports that Elliott Management had built a more than $1 billion stake in the company. Teradyne, a semiconductor testing equipment stock, rose nearly 3% after being upgraded to a buy rating by Goldman Sachs.
Stay tuned to Extreme Investor Network for more updates on these companies and the latest trends in the stock market. Don’t miss out on valuable insights that can help you make informed investment decisions.