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Intel’s stock rose 4% after Asset management company Apollo Global Management offered to make an equity-like investment of up to $5 billion in the chipmaker. Qualcomm also approached Intel about a potential takeover. Ciena, a networking software maker, saw a 4% increase in stock value after a double upgrade by Citigroup. Constellation Energy gained about 3% as Morgan Stanley raised its 12-month price target, expecting further growth as the company plans to restart the Three Mile Island nuclear plant. Pinterest advanced more than 2% following a buy rating from Deutsche Bank, citing increasing platform relevance and strong revenue growth prospects. General Motors shares fell 2% after a downgrade by Bernstein, citing challenges in the company’s international business. Palantir, a software platform maker, declined more than 1% after a downgrade by Raymond James. Micron Technology gained over 1% ahead of its earnings release, with JPMorgan reiterating an overweight rating. Analysts expect results to be in line with consensus estimates and driven by strong demand for artificial intelligence.
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Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.
