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Broadcom, Tesla, GameStop rise premarket; Dave&Buster's falls

Jun 13, 2024 11:42 AM

Investing.com -- U.S. stock futures traded in a mixed fashion Thursday, as investors digested a hawkish message from the latest Federal Reserve as well as cooler than expected inflation data.

Here are some of the biggest premarket U.S. stock movers today:

  • Broadcom (NASDAQ:AVGO) stock soared 14% after the semiconductor group upgraded its annual revenue guidance for its artificial intelligence-optimized chips, benefiting from the boom in enthusiasm around AI.

  • Tesla (NASDAQ:TSLA) stock rose 6.8% after CEO Elon Musk said in a social media post that shareholders are backing his $56 billion pay package and a move by the electric vehicle giant to reincorporate in Texas from Delaware.

  • Dave & Buster’s Entertainment (NASDAQ:PLAY) stock slumped 10% after the restaurant and entertainment operator reported another quarter of lagging sales.

  • GameStop (NYSE:GME) stock rose 3.3% ahead of the video game retailer’s annual shareholder meeting later in the session, continuing the meme stock’s roller-coaster stock-market ride.

  • Virgin Galactic (NYSE:SPCE) stock fell over 8% ahead of the space travel company’s 1-for-20 reverse stock split, due to go into effect on Friday.

  • MicroStrategy (NASDAQ:MSTR) stock fell 1.5% after the business-analytics company announced plans to offer $500 million in convertible debt.

  • 3M (NYSE:MMM) stock rose 0.5% after the industrial conglomerate announced it would transfer about $2.5 billion of its U.S. pension payment obligations and related plan assets for nearly 23,000 U.S. retirees and beneficiaries to Metropolitan Tower Life Insurance.

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