Nvidia among investors in xAI’s $20bn capital raise - Bloomberg News
Investing.com - U.S. stock futures were muted on Tuesday, with traders assessing concerns over the ongoing U.S. government shutdown, which has partly overshadowed still-soaring enthusiasm around artificial intelligence.
Here are some of the biggest premarket U.S. stock movers today:
- Shares of Constellation Brands (NYSE:STZ) rose after the alcoholic beverage maker posted a fall in second-quarter sales that was not as deep as feared.
- Ford’s (NYSE:F) stock price dipped prior to the opening bell after the Wall Street Journal reported that a fire at a key supplier will likely disrupt business at the carmaker and other auto firms for months.
- Tesla (NASDAQ:TSLA) is expected to reveal a more affordable version of its popular Model Y sport-utility vehicle on Tuesday, according to media reports. Shares were marginally lower in premarket trading.
- Advanced Micro Devices (NASDAQ:AMD) rose, suggesting an extension to a rally on Monday, after Jefferies upgraded its rating of the chipmaker. AMD agreed earlier this week to supply AI chips to OpenAI in exchange for a 10% stake in the ChatGPT-maker, in a deal that is anticipated to draw in tens of billions of dollars in yearly revenue.
- Shares of Aehr Test Systems (NASDAQ:AEHR) slumped after the semiconductor equipment group reported first-quarter revenue that dropped from a year ago.
- Amkor (NASDAQ:AMKR) shares spiked after the firm broke ground on a site in Arizona that will be used for advanced chip packaging and testing.
- Trilogy Metals (NYSE:TMQ) soared after the White House announced that it will take a 10% stake in the small-cap mineral exploration business.
- McCormick & Company (NYSE:MKC) shares ticked marginally higher after the spice maker reported third-quarter results that exceeded analyst expectations, marking its fifth consecutive quarter of volume-led growth despite mounting cost pressures.