Today's Morning Movers and Top Ratings: ASML, TSLA, M, COIN and More

$ASML Holding (ASML.US)$ BofA reaffirmed its €1,302 price objective for ASML shares, citing increased EBITDA expansion and the scarcity value of AI in Europe. BofA emphasized the unique position of ASML in the AI infrastructure sector, noting that all companies producing AI processors and DRAM utilize ASML's EUV technology for chip manufacturing. Shares rose by 0.63% in premarket trading.

$Tesla (TSLA.US)$ stock increased by 2.0% as state-owned companies in Shanghai have started using the automaker's top-selling Model Y as service vehicles. This comes after reports that Tesla cars have been added to a Chinese local government procurement list.

$Macy's (M.US)$'s stock saw a significant jump of 6.9% following news from the Wall Street Journal that Arkhouse Management and Brigade Capital Management have upped their offer to purchase the retailer for an estimated $6.9 billion.

$Shell (SHEL.US)$ ADRs experienced a 1.2% rise even after the energy giant revealed it would face an impairment charge of up to $2 billion due to the sale of its Singapore refinery and the suspension of construction on a major European biofuel plant.

$Coinbase (COIN.US)$ stock dropped 4.42% as the cryptocurrency platform saw adverse effects from Bitcoin reaching its lowest value since February.

$NIO Inc (NIO.US)$ ADRs declined by 2.46% after the announcement that the company's CFO, Steven Feng, has resigned for personal reasons, with Stanley Yu Qu set to fill the position.