Oracle, Intel, Manchester United rise premarket; Apple falls
Investing.com -- Stocks in focus in premarket trade on Tuesday, June 13th. Please refresh for updates.
Oracle (NYSE: ORCL) stock rose 6.1% after the cloud and software company beat fourth-quarter revenue estimates and forecast an upbeat first quarter, driven by growing demand for its cloud offerings from companies deploying AI.
Intel (NASDAQ: INTC) stock rose 2.1% after the U.S. chipmaker was reported to be in talks with SoftBank Group's Arm unit to be an anchor investor in its initial public offering.
Manchester United (NYSE: MANU) stock rose 18.7% on speculation surrounding a bid from Qatar's Sheikh Jassim bin Hamad al-Thani for the English Premier League soccer club.
Advanced Micro Devices (NASDAQ: AMD) stock rose 2.2% with the chipmaker expected later Tuesday to reveal new details about an AI "superchip".
Apple (NASDAQ: AAPL) stock fell 0.7%, handing back some of its recent gains, in the wake of the unveiling of its new Vision Pro mixed reality headset, which propelled the stock to a record-high close of $183.79 on Monday.
Toyota (NYSE: TM) ADRs rose 4.3% after the Japanese auto giant announced plans to introduce high-performance, solid-state batteries to improve the driving range and cut costs of future EVs.
Home Depot (NYSE: HD) stock rose 0.5% ahead of the home improvement retailer’s investor and analyst day later Tuesday amid a continued tough housing market.
Urban Outfitters (NASDAQ: URBN) stock rose 3.5% after Morgan Stanley upgraded its stance on the retailer to ‘overweight’ from ‘equal weight’, saying it has an attractive 2023 setup.