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Shares of Microsoft saw a 2% increase after the company announced a 10.7% increase in its quarterly dividend to 83 cents per share. Additionally, Microsoft approved a new $60 billion share repurchase program.

Jefferies downgraded SolarEdge Technologies to underperform, citing rising domestic competition and high inventory levels overseas. As a result, shares of the solar company fell more than 6%.

Intel’s stock surged 7% after the chipmaker revealed plans to create a separate entity for its foundry business, allowing it to have its own board and raise outside funding.

Dell Technologies gained 2% following Mizuho Securities’ initiation of coverage with an outperform rating. The firm praised Dell’s market leadership, robust supply chain, and growth in artificial intelligence servers.

Shopify’s shares rose 2.6% after Redburn Atlantic upgraded the e-commerce stock to buy, predicting continued market share growth in the U.S. social e-commerce market.

Flutter Entertainment saw a slight increase in shares after announcing the acquisition of Playtech Plc’s Italian gambling business Snaitech SpA for 2.3 billion euros in cash.

AppLovin’s stock rose over 2% after UBS upgraded shares to buy, noting the company’s strong execution in the gaming sector and potential upside from the e-commerce market.

Gannett received an upgrade to neutral from Citi, leading to a 4% increase in shares. Citi highlighted Gannett’s progress in slowing revenue declines and the potential for revenue growth in the future.

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