Check out the companies making headlines before the bell. Apple – Apple shares fell less than 1% after Reuters reported that the tech giant was offering aggressive discounts on iPhones in China. Micron Technology — Shares rose 2.3% after Morgan Stanley upgraded the semiconductor company from underweight to equal weight. The bank said it had underestimated the economic and narrative elements of artificial intelligence memory. Micron is up nearly 47% since the beginning of the year. Nvidia — The semiconductor manufacturing stock rose 1.4% as the company prepares for its high-profile quarterly print later this week. Several companies, including Barclays and Stifel, raised their price targets for Nvidia. Li Automobile — The Chinese electric car maker’s U.S. shares fell 4.3%. Lee reported lower-than-expected first-quarter revenue and a weak outlook for this quarter’s revenue. GameStop, AMC Entertainment — GameStop and AMC Entertainment stock prices fluctuated during premarket trading after volatile price action last week amid a resurgence in meme stock trading. Johnson Controls — Shares rose 5% after Bloomberg News reported that Elliott Management had built more than $1 billion in stake in the security and safety company. Year-to-date, the stock is up 19%. Teradyne – Semiconductor Inspection Equipment stock rose nearly 3%. Goldman Sachs upgraded Teradyne’s rating to “buy”, citing recent strong quarters and expectations for a “cyclical recovery” in the system-on-chip design test business. —CNBC’s Alex Harring and Michelle Fox contributed reporting.
Stocks making the biggest moves pre-market: AAPL, NVDA, LI
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