Oracle, Intel, Manchester United rise premarket; Apple falls By Investing.com

Investing.com — Stocks in focus in premarket trade on Tuesday, June 13th. Please refresh for updates.

• Oracle (NYSE:) stock rose 6.1% after the cloud and software company beat revenue estimates and forecast an upbeat first quarter, driven by growing demand for its cloud offerings from companies deploying AI.

• Intel (NASDAQ:) stock rose 2.1% after the U.S. chipmaker was reported to be in talks with SoftBank Group’s Arm unit to be an anchor investor in its initial public offering.

• Manchester United (NYSE:) stock rose 18.7% on surrounding a bid from Qatar’s Sheikh Jassim bin Hamad al-Thani for the English Premier League soccer club.

• Advanced Micro Devices (NASDAQ:) stock rose 2.2% with the chipmaker expected later Tuesday to reveal new details about an AI “superchip”.

• Apple (NASDAQ:) stock fell 0.7%, handing back some of its recent gains, in the wake of the unveiling of its new Vision Pro mixed reality headset, which propelled the stock to a record-high close of $183.79 on Monday.

• Toyota (NYSE:) ADRs rose 4.3% after the Japanese auto giant announced plans to introduce high-performance, solid-state batteries to improve the driving range and cut costs of future EVs.

• Home Depot (NYSE:) stock rose 0.5% ahead of the home improvement retailer’s investor and analyst day later Tuesday amid a continued tough housing market.

• Urban Outfitters (NASDAQ:) stock rose 3.5% after Morgan Stanley upgraded its stance on the retailer to ‘overweight’ from ‘equal weight’, saying it has an attractive 2023 setup.