Today's Morning Movers and Top Ratings: NVDA, MU, TER, JCI and More

$Micron Technology(MU.US)$ Shares moved 2.3% higher after an upgrade from Morgan Stanley to equal weight from underweight. The bank cited underestimating the economic and narrative elements of artificial intelligence memory. Micron has seen a nearly 47% increase so far this year.

$NVIDIA(NVDA.US)$ The chipmaking stock increased by 1.4% as it prepares for its highly anticipated quarterly earnings. Several firms, including Barclays and Stifel, lifted their price targets on Nvidia.

$Johnson Controls(JCI.US)$ Shares climbed by 5% following reports that Elliott Management has built a stake worth over $1 billion in the company. The stock has seen a 19% rise year to date.

$Teradyne(TER.US)$ Shares went up nearly 3% after Goldman Sachs upgraded the stock to a buy rating, driven by a strong recent quarter and expectations for a "cyclical recovery" within its system-on-chip design test business.

$Apple(AAPL.US)$ shares decreased slightly by less than 1% after reports of the technology giant offering aggressive discounts on its iPhones in China.

$Li Auto(LI.US)$ U.S. shares of this Chinese electric vehicle maker went down by 4.3% as the company reported weaker-than-expected earnings for the first quarter and provided soft guidance for current-quarter revenue.