Today's Morning Movers and Top Ratings: INTC, GOOGL, ZK and More
Morning Movers
Gapping up
$Intel(INTC.US$ Shares rose more than 1% in the premarket after the company announced new artificial intelligence chips aimed at competing with those from rivals. Despite the AI boom, Intel is down nearly 40% year to date.
$SentinelOne(S.US$ Shares rose 2.3% after a Canaccord Genuity upgrade to buy from hold, with the firm calling SentinelOne a secular winner in the long term and stating its recent sell-off was "overdone."
Gapping down
$GameStop(GME.US$ Shares slipped 2% following a 21% rally on Monday amid speculation that a well-known trader could hold a major position in the company.
$Bath & Body Works(BBWI.US$ Shares dropped 9% after topping first-quarter earnings and revenue estimates but sharing disappointing guidance for the current period, with expected earnings below analyst estimates.
$Gitlab(GTLB.US$ Shares shed 2.3% despite posting an earnings and revenue beat for its fiscal first quarter, with adjusted earnings per share coming in above analyst expectations.
$Alphabet-A(GOOGL.US$ Shares hovered below the flatline after the company cut at least 100 positions within its cloud unit.
Source: CNBC; Investing.com
US Top Rating Updates on 06/04
![Today's Morning Movers and Top Ratings: INTC, GOOGL, ZK and More](https://ussnsimg.moomoo.com/sns_client_feed/77777018/20240604/04e9519bfd464f0ead12753696fe6df3.jpg?area=100&is_public=true/bigmoo)
Source: Dow Jones
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RDK79 : Google: 10,000+ employees (? In cloud div). Can totally understand how cutting 100 can make headlines….![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)