These stocks were poised to make moves Tuesday:
Apple shares dipped 1% in premarket trading. Apple Inc. lost its court fight over a €13 billion ($14.4 billion) Irish tax bill, in a boost to the European Union’s crackdown on special deals doled out by nations to big companies.
Oracle shares up 9% in premarket trading. Oracle beat estimates for quarterly results and forecast second-quarter revenue growth above estimates on Monday, boosted by growing demand for its cloud offerings.
Alibaba’s U.S.-listed stock rose 2.8% in premarket trading after it was made directly accessible to investors in mainland China for the first time. The stock was added to the Stock Connect program that links the Shanghai and Shenzhen bourses to the Hong Kong exchange.
TSMC shares dropped 1% in premarket trading. Taiwan Semiconductor Manufacturing Co.’s revenue rose 33% last month, in a positive signal to investors betting on a smartphone market recovery and sustained demand for Nvidia Corp.’s AI chips.
Sales reached NT$250.9 billion ($7.8 billion) in August, slowing from the previous month’s 45% growth pace. For the third quarter, analysts expect TSMC’s revenue to grow 37%, extending a recovery from the post-Covid depths of 2023.
Hewlett Packard Enterprise's shares dropped 5% in premarket trading after the AI server maker announced a $1.35 billion mandatory convertible preferred stock offering to fund its acquisition of Juniper Networks.
Actelis Networks stock soared 32% after receiving a new significant order for a major aerial transportation agency operating underneath the umbrella of the U.S. Department of Transportation.
This new order will enable Actelis to support the agency with a wide range of applications, including connecting remote facilities, backhauling radar networks, and consolidating T1 lines over IP for fiber projects.
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