US future contracts strengthened on Thursday, signaling fresh record-highs for this year’s tech-fueled rally when Wall Street reopens after a public holiday.
These stocks made moves Thursday:
Nvidia - Nvidia shares gained another 3.6% in premarket trading Thursday. The shares rose 3.5% on Tuesday, catapulting the AI chipmaker's market value above both Microsoft's and Apple's for the first time.
Nvidia also boosted other AI stocks. TSMC and Micron rose 2.5%; Broadcom and Palantir rose 1%; SoundHound AI Inc rose 8%.
Dell Technologies Inc., Super Micro Computer - Dell Technologies and Super Micro Computer will provide server racks for the supercomputer that Elon Musk's artificial intelligence startup xAI is building, the U.S. businessman said on social media platform X on Wednesday. The shares both rose more than 3% in premarket trading Thursday.
Trump Media & Technology - Trump Media & Technology Group Corp. sank 10% in premarket trading Thursday after the US Securities and Exchange Commission declared effective a regulatory filing that could dilute shareholders.
Bilibili - Citi Research noted in a report that Bilibili's newly released mobile game "San Guo: Mou Ding Tian Xia" has far exceeded expectations. Citi gave Bilibili a target price of $15.5 and a Neutral rating. Bilibili shares jumped 8.1% in premarket trading Thursday.
Hewlett Packard Enterprise - A merger inquiry into Hewlett Packard Enterprise’s acquisition of Juniper Networks has been opened by Britain’s competition regulator. The United Kingdom’s Competition and Markets Authority said Wednesday it opened an inquiry to review whether the merger would hurt competition, and it will solicit comments from the public until July 3. The CMA’s initial decision will come by Aug. 14. Under the deal, announced in January, HPE would acquire Juniper for about $14 billion. HPE shares were up 2.5%.
KB Home - KB Home’s second-quarter earnings beat analysts’ estimates and home orders in the period rose 2% to 3,997. The home builder estimates fiscal-year housing revenue of $6.7 billion to $6.9 billion, with an average selling price of $485,000 to $495,000. Its prior outlook called for housing revenue in the range of $6.5 billion to $6.9 billion. The stock was rising 1.7%.
Tempest Therapeutics Inc. - Tempest will report new data from global randomized combination study of Amezalpat (TPST-1120) in first-line hepatocellular carcinoma on Thursday, June 20. The clinical-stage biotechnology company jumped 45% in premarket trading.
BEST - BEST, a supply chain and logistics services provider in China and Southeast Asia, said Thursday it signed a merger agreement with BEST Global Partners and Phoenix Global Partners, a wholly-owned subsidiary of BEST Global. BEST shares jumped 13% in premarket trading.
Accenture - Accenture, the professional services company, was rising 3% ahead of its fiscal third-quarter earnings report, scheduled for before stock markets open Thursday. Kroger, the supermarket chain, was up 2%, ahead of its quarterly report.
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