U.S. Stocks to Watch: Qualcomm, Apple, Intel, Organon, X-Energy, and More

Tiger Newspress18:30

Stock futures were sliding on Monday, with investors on edge ahead of a slew of Big Tech earnings and a Federal Reserve interest-rate decision.

These stocks were making moves in premarket trading.

Qualcomm jumped 9.7% after tech supply chain analyst Ming-Chi Quo said that OpenAI was working with the chip maker to develop processors for a smartphone, with mass production expected to start in 2028. Shares in iPhone maker Apple slid 1.2%. Qualcomm and OpenAI didn’t immediately respond to requests for comment from Barron’s.

Intel rose 3.2%, extending the chip manufacturer’s stellar recent rally. The stock surged 24% on Friday after Intel reported strong first-quarter earnings, notching its first record close since August 2000.

Adidas climbed 1.8% after Kenya’s Sabastian Sawe won Sunday’s London marathon, becoming the first competitive runner ever to complete the race in under two hours. Sawe wore Adidas sneakers—although the $500 shoe isn’t yet widely available.

Organon surged 15% to $12.96 after India’s Sun Pharmaceutical Industries agreed to buy the women’s healthcare company for $14 a share, in an all-cash deal with an enterprise valuation of $11.75 billion.

X-Energy rallied 16%, after the Amazon-backed nuclear reactor developer jumped 27% in its trading debut on Friday.

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