Today's Morning Movers and Top Ratings: GME, NVDA, ARM, TXN and More

$GameStop (GME.US)$ shares surged over 37% in the premarket after "Roaring Kitty" posted for the first time in roughly three years.

$Arm Holdings (ARM.US)$ shares increased by 3.4% following a report that the chip company plans to launch its first artificial intelligence chips next year.

$NVIDIA (NVDA.US)$ shares added about 1% after Jefferies hiked its price target on the chipmaker to $1,200 a share, implying about 34% upside. “We believe it's too early to sift out winners and losers in the AI basket yet, but NVDA is our favorite,” analyst Blayne Curtis wrote.

$Intel (INTC.US)$ shares advanced 1.1% amid reports of potential $11 billion deal discussions to build a factory in Ireland.

$Squarespace (SQSP.US)$ shares soared more than 12% after announcing a deal to go private.

Airline stocks, including $United Airlines (UAL.US)$ , $Delta Air Lines (DAL.US)$ , and $American Airlines (AAL.US)$ , each grew 0.6% following buy ratings from HSBC.

$Incyte (INCY.US)$ shares climbed more than 5% after the company approved a $2 billion share repurchase program.

$Kenvue (KVUE.US)$ shares dropped nearly 2% after the announcement that Johnson & Johnson will sell its 9.5% stake in the company.

$Penn Entertainment (PENN.US)$ shares fell 2.3% following a downgrade by Bank of America from buy to neutral.

$SolarEdge Technologies (SEDG.US)$ shares declined 0.9% after a downgrade to neutral from positive due to wider-than-expected losses and weak revenue guidance.