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Oracle, Intel, Manchester United rise premarket; Apple falls

Investing.com
·1 min read

Investing.com -- Stocks in focus in premarket trade on Tuesday, June 13th. Please refresh for updates.

Oracle (NYSE:ORCL) stock rose 6.1% after the cloud and software company beat fourth-quarter revenue estimates and forecast an upbeat first quarter, driven by growing demand for its cloud offerings from companies deploying AI.

Intel (NASDAQ:INTC) stock rose 2.1% after the U.S. chipmaker was reported to be in talks with SoftBank Group's Arm unit to be an anchor investor in its initial public offering.

Manchester United (NYSE:MANU) stock rose 18.7% on speculation surrounding a bid from Qatar's Sheikh Jassim bin Hamad al-Thani for the English Premier League soccer club.

Advanced Micro Devices (NASDAQ:AMD) stock rose 2.2% with the chipmaker expected later Tuesday to reveal new details about an AI "superchip".

Apple (NASDAQ:AAPL) stock fell 0.7%, handing back some of its recent gains, in the wake of the unveiling of its new Vision Pro mixed reality headset, which propelled the stock to a record-high close of $183.79 on Monday.

Toyota (NYSE:TM) ADRs rose 4.3% after the Japanese auto giant announced plans to introduce high-performance, solid-state batteries to improve the driving range and cut costs of future EVs.

Home Depot (NYSE:HD) stock rose 0.5% ahead of the home improvement retailer’s investor and analyst day later Tuesday amid a continued tough housing market.

Urban Outfitters (NASDAQ:URBN) stock rose 3.5% after Morgan Stanley upgraded its stance on the retailer to ‘overweight’ from ‘equal weight’, saying it has an attractive 2023 setup.

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