Premarket Movers | NIO Gains 2%; Tesla and Alibaba Rise 1%; Intel Pulls Back 3%; AMD Drops 1%

Tesla shares gained 1.2% in premarket trading on Friday.

Goldman Sachs raised the firm’s price target on Tesla to $395 from $300 on Thursday, and keeps a Neutral rating on the shares ahead of the Q3 delivery report.

The analyst upped its Q3 estimate for vehicle deliveries to 455,000 from 430,000, above the consensus of 439,000, citing its global consumer survey data.

Goldman also increased its assumptions for the company’s energy business in 2026 and 2027 to reflect recent product and capacity news.

The firm sees the company’s earnings growing in the long term from autonomy and robotics contributions. However, Goldman’s base case expectation is for Tesla’s profits in these areas to be more measured than the company is targeting.

Intel shares pulled backed 3% in premarket trading on Friday, after soaring 22.8% on Thursday.

Nvidia said on Thursday it would invest $5 billion in Intel, throwing its heft behind the struggling U.S. chipmaker just weeks after the White House engineered an extraordinary deal for the federal government to take a massive stake in the company.

The deal solves four problems for Intel, but it doesn’t address the root of Intel’s woes: its manufacturing technology, which has fallen behind TSMC.

AMD’s biggest rival in graphics processing units is teaming up with its biggest rival in central processing units. The shares fell 1.1% in premarket trading on Friday, after droppng 0.8% on Thursday.

Some Chinese ADRs gained in premarket trading on Friday. NIO and XPeng rose 2%; JD.com and Alibaba rose 1%.