Today's Pre-Market Movers and Top Ratings | TSM, NKE, MU, GM and More

$Taiwan Semiconductor (TSM.US)$ Shares increased by 0.2% following a Wall Street Journal report that the chipmaker, alongside Samsung, is in discussions to build chip factories in the UAE.

$Constellation Energy (CEG.US)$ Shares gained about 3.3% after Morgan Stanley raised its 12-month price target, implying nearly 23% upside. The firm is optimistic about Constellation’s plans to restart the Three Mile Island nuclear plant in Pennsylvania to meet power demands from Microsoft data centers.

$Pinterest (PINS.US)$ This social media platform's shares advanced more than 3% after Deutsche Bank began research coverage with a buy rating, noting the platform's increasing relevance among users and expecting strong revenue growth in the coming years.

$Micron Technology (MU.US)$ Shares rose more than 1.3% after JPMorgan reiterated an overweight rating ahead of its earnings release, set for Wednesday. The firm anticipates results and forward guidance to align with recently lowered consensus estimates, supported by strong demand in artificial intelligence.

$General Motors (GM.US)$ Shares dropped 2.6% after Bernstein downgraded the Chevrolet and Cadillac maker to market perform from outperform, citing continued buildup in U.S. inventories and challenges in GM's international business.

$Nike (NKE.US)$ The sportswear giant's stock fell 1.1% after JPMorgan reduced its earnings estimates ahead of its first quarter results and lowered its price target to $80 from $83.

$Palantir (PLTR.US)$ The company's shares declined more than 0.9% as Raymond James downgraded the stock to market perform, pointing to an elevated valuation after Palantir's recent outperformance.