A ChargePoint station at the New Carrollton Branch Library in New Carrollton, MD.
Tom Williams | CQ-Roll Call, Inc. , Getty Images
Check out the companies making some of the biggest moves in premarket trading:
charge point — Shares of the electric vehicle charging station company jumped 5% premarket after Bank of America upgraded the stock to buy. The Wall Street firm called ChargePoint a best-in-class way to drive the EV charging theme, highlighting the company’s scale and diversity as keys to sustainable growth.
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ford motor — Shares of the automaker rose more than 2% after Jefferies upgraded the stock and said the automake has a strong plan and management that could help it close the gap with rivals. The analyst also raised his price target on the shares, which means they could rally more than 30%.
Tesla Shares gained 3% premarket. On Monday, Reuters reported the arrival of a private jet used by CEO Elon Musk in China. Reuters said Musk is expected to meet senior Chinese officials and tour Tesla’s Shanghai plant. Last Thursday, Tesla and Ford announced a partnership giving Ford owners access to Tesla Superchargers.
coinbase Shares were up 4% in premarket trading. On Tuesday, Atlantic Equities changed Coinbase from neutral to overweight. Analyst Simon Clinch maintained his $70 price target, which represents a 23% upside from Friday’s close.
NVIDIA — Shares remained close to $1 trillion in market value, up 3.7% in premarket trading. The AI Semiconductor Company has been on the rise since its blockbuster earnings report last Wednesday.
C3.ai — AI shares built up in Nvidia’s post-earnings lead, with C3ai rising 8.7%. uipath 6.4% and Palantir Technologies was ahead by 6.2%. C3.ai reported its next quarter results on Wednesday.
Advanced Micro Devices Semiconductor stocks continued to rise after Nvidia’s earnings last week. AMD posted an increase of 3.4%, Qualcomm 2% and Broadcom 1.8%. Intel, which initially underperformed Nvidia’s earnings, rose 3%.
Paramount Global — The media stock was up 2.4% Tuesday morning, up nearly 6% since Friday. The company’s majority shareholder National Amusements last week announced a $125 million preferred equity investment from BDT Capital Partners.
—CNBC’s Jesse Pound, Tanya Machil and Yun Li contributed reporting.
