Prism Stocks making the biggest moves premarket: Apple, Nvidia, Li Auto and more

Here’s a glimpse at the movers and shakers in the market before the opening bell.

Apple

— The high-tech giant’s shares took a slight dip of under 1% after Reuters broke the news that Apple is slashing prices on iPhones in China.

Micron Technology

— An upgrade from Morgan Stanley from underweight to equal weight triggered a 2.3% rise in the company’s shares. The bank admitted overlooking the influence of artificial intelligence memory on Micron’s economic prospects. Micron’s shares have seen a substantial rise of approximately 47% this year.

Nvidia

— This chipmaking titan’s share price increased by 1.4% as the market eagerly awaits its forthcoming quarterly report. The likes of Barclays and Stifel have notably ramped up their price predictions for Nvidia.

Li Auto

— The Chinese EV manufacturer faced a 4.3% drop in its U.S. shares, provoked by a weaker-than-forecasted Q1 earnings report and a tepid forecast for the current quarter’s revenue.

Game Stop, AMC Entertainment 

— The shares of these two companies experienced fluctuations in premarket trading, echoing the unstable trend from last week brought about by the revival of the meme-stock trade.

Johnson Controls

— The stock of this safety and security firm saw a 5% hike after Bloomberg disclosed that Elliott Management has taken on a stake worth more than $1 billion in the company. This brings the total gain year to date to 19%.

Teradyne

— Shares surged nearly 3% following Goldman Sachs’ upgrade to a buy rating, as a result of an impressive recent quarter and expected “cyclical recovery” in its system-on-chip design test business.

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Prism Stocks making the biggest moves premarket: Apple, Nvidia, Li Auto and more

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