Premarket stock movers: Oracle, Intel, Applied Materials and more

Several largecap and midcap stocks were active before the opening bell on Thursday, with investors reacting to earnings updates, analyst calls, and sector news. Intel rose after Bank of America upgraded the chipmaker to buy, citing stronger demand for CPUs tied to growing interest in agentic artificial intelligence. Oracle fell after saying it plans to raise $20 billion in equity and debt to help fund its AI expansion, even as the company beat expectations on revenue and profit and lifted its adjusted earnings outlook. The company’s spending plans also lifted chip equipment names, including Applied Materials, Lam Research, KLA and ASML. Other notable movers included Navan, which climbed after a revenue outlook above estimates, and Alcoa, which gained after Morgan Stanley said its recent decline looked excessive. Several Chinese tech stocks fell on news of renewed regulatory scrutiny in Beijing, while some space and memoryrelated stocks recovered after priorsession losses.