NVIDIA Corporation (NVDA) – Shares of the chipmaker rose over 4% on Tuesday after the company said it would build the Israel-1 generative AI cloud supercomputer. The stock has gained over 170% year to date amid AI momentum, with the company now approaching a $1 trillion market cap.
Ford (F) – Jefferies upgraded the stock from Hold to Buy, citing increased confidence in the company’s ability to close a ‘deficit of execution.’
Delta Airlines (DAL) – TSA checkpoint data showed Memorial Day passenger volumes rising above 2019 levels, indicating high travel demand during the holiday weekend.
Equitrans Midstream (ETRN) – The tentative debt limit agreement by Biden and McCarthy contains a provision to accelerate the completion of the Mountain Valley Pipeline. RBC Capital upgraded the stock from Sector Perform to Outperform following the news, with shares gaining nearly 40% premarket.
C3.ai (AI) – Shares rose 12% in the pre-market session amid continued investor optimism in the AI space. The company will report Q4 earnings tomorrow after the close.