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US stock markets experienced a modest uptick on Friday, as investors looked to conclude a week filled with notable developments on a positive note.
Below are some of the major premarket movers in US stocks for today:
Broadcom (NASDAQ:) saw its stock surge by 18% following a projection of stronger-than-expected revenue for the upcoming quarter. The chipmaker attributed this optimistic forecast to a boost in demand for chips, driven by the rising interest in artificial intelligence technologies.
RH (NYSE:) recorded a 17% increase in its stock value after the home furnishings retailer raised its guidance for both the fourth quarter and the entire fiscal year, pointing to an uptick in demand growth.
Costco (NASDAQ:) experienced a modest increase of 0.2% in its stock price after the membership warehouse giant exceeded quarterly earnings and sales forecasts, largely fueled by a significant rise in e-commerce sales.
Salesforce (NYSE:) shares rose by 1.7% after analysts at KeyBanc upgraded their rating on the cloud software company from “sector weight” to “overweight,” highlighting positive sentiment regarding its new Agentforce AI platform.
Uber (NYSE:) saw its stock climb by 0.9% after Goldman Sachs designated the ride-hailing service as a top pick for 2025, anticipating more than a 50% increase in value.
Tesla (NASDAQ:) enjoyed a 1.2% rise in its stock price after the electric vehicle manufacturer introduced the “Actually Smart Summon” feature in China. This new autonomous driving capability allows Tesla vehicles to navigate autonomously from parking spaces to a designated location within the driver’s line of sight.
Evgo (NASDAQ:) saw a robust increase of 8.7% in its stock value following the announcement that the electric vehicle fast charging network secured a $1.25 billion loan facility backed by the U.S. Department of Energy. This funding aims to enhance its nationwide charging infrastructure.
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www.investing.com