Check out the companies making the biggest moves premarket: Chipmakers — The iShares Semiconductor ETF (SOXX) was up more than 2.5% in premarket trading Monday, rebounding after a two-day slide last week that sent the ETF down more than 11%. Intel was also up 2.5%, while Advanced Micro Devices jumped 3%. Broadcom rose nearly 2%. Comcast — Shares rose by 0.5% after the company’s U.K.-based Sky announced it will buy rival ITV’s television business. While Comcast owns Sky for now, the company recently announced plans to spin off its media assets. ASML Holding — The Dutch semiconductor company was up 4% after Bernstein hiked its price target on the stock by more than 30% to $2,300. Analysts at the firm said they were raising their forecasts amid unprecedented expansion in both logic and DRAM capacity driven by artificial intelligence. T-Mobile U.S. — Shares were up more than 1.5% after Bank of America raised its rating to buy from neutral. The bank said investors are reacting to what it calls peak bearishness in the telecommunications sector, and that the stock’s more than 20% fall from its 2026 highs in February is overdone. DataDog — The software company tumbled more than 2% following a downgrade from Bernstein. The firm moved its outlook on the stock to market-perform from outperform. Analysts said they still expect the company can be an AI winner, however, they’re cautious about upcoming earnings with difficult comparisons ahead and a potential peak of non-AI-related growth. Lam Research , Applied Materials , KLA Corporation — Shares of all three companies were some of the best performers on the S & P 500 premarket after Morgan Stanley analysts hiked their price targets on each of the stocks. Lam Research was at the top of the S & P, up more than 4%. Applied Materials and KLA each were jumping just under 4%.
Post Comment