Before the bell rings, let’s take a look at the companies that are making waves. GameStop — Shares soared nearly 27% after the company said Friday it made about $933.4 million in proceeds from a stock sale. The company sold 45 million common shares. Nvidia — The chipmaker continued its stock rally after Wednesday’s quarterly earnings release, rising 3% in premarket trading. Shares surged 15% last week, topping $1,000 for the first time. Norwegian Cruise Line Holding — The cruise stock rose 3% after Mizuho Securities upgraded it to buy from neutral. The investment firm said Norwegian has been a target of short sellers in recent years but could benefit from a change of opinion. Viking — Shares rose 1.1% as a number of Wall Street firms began covering the newly listed cruise line operator, which listed on the New York Stock Exchange on May 1. Bank of America began covering it with a buy recommendation, citing the company’s “unique brand and clear niche.” UBS also gave the company a buy rating, calling it a “purposive player in luxury travel.” JPMorgan issued an overweight rating on the stock. Airbnb — The short-term rental company’s shares rose 1.5% after Wedbush upgraded it to outperform. The company said strong demand for travel and Airbnb’s recent slump offers an attractive entry point. DuPont — Shares rose 1.4% after Citi upgraded the chemical company to buy from neutral. The bank said DuPont’s planned spinoff of its water and electronics businesses could be a catalyst for upside. Duolingo — E-learning platform Duolingo rose 1% after JMP upgraded it to market outperform from market perform. Analyst Andrew Boone said the company’s new subscription tier, Duolingo Max, could boost the stock. Boone also highlighted tailwinds from AI. Huntington Bancshares — Shares of the regional bank rose more than 1% Tuesday morning after JPMorgan upgraded the stock to overweight from neutral. JPMorgan is bullish on the benefits of domestication and the potential for organic growth. US Cellular — Shares rose more than 9% after the company announced that T-Mobile would acquire 30% of U.S. Cellular’s wireless communications business and spectrum assets for $4.4 billion. The deal is expected to close in mid-2025. T-Mobile shares were flat. — CNBC’s Jesse Pound, Sarah Ming and Michelle Fox contributed to this report.
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