Check out the companies making the biggest pre-market moves: Qualcomm, Apple — The chipmaker soared more than 12% after TF International Securities analyst Ming-Chi Kuo said in a post on X that OpenAI is collaborating with Qualcomm to develop smartphone processors. iPhone maker Apple fell 1.5% after reports of a possible new competitor. Domino’s Pizza — The pizza chain fell 4% after its U.S. sales outlook fell short of expectations. Domino’s Pizza said it expects same-store sales in the U.S. to increase by 0.9%. Analysts on average expected growth of 2.3%, according to Street Accounts. Adobe — Shares fell more than 1% after Mizuho downgraded the company from outperform to neutral. Analysts wrote that an increase in substitutes for the company’s products and the possibility of strategic acquisitions and investments could hurt Adobe’s profits in the future. Organon — The healthcare company soared nearly 17% after Indian drugmaker Sun Pharmaceutical Industries announced it would be acquired. Organon, which was spun off from Merck in 2021, said the deal creates immediate and compelling value for shareholders. Intel — Shares continued to rise on Monday after a 23% rise following Friday’s profit increase. Intel shares rose about 2.5%. CrowdStrike — Shares rose 2% after Mizuho upgraded the company from neutral to outperform. The bank said demand for CrowdStrike’s platform remains healthy and that Anthropic’s Project Glasswing, which will roll out the artificial intelligence giant’s powerful model Claude Mythos to some companies, will provide a boost to the company. Campbell’s — The food and beverage company fell 2% after Bernstein downgraded the stock to market perform from outperform. Analysts said Campbell’s main soup products were underperforming and the snack business was lagging behind competitors. Seagate Technology, Western Digital — Shares of both memory companies rose more than 2% after Bank of America raised their price targets for both companies. Analysts say new long-term contracts and a lack of new entrants to compete with the hard-disk drive business are supporting growth for both companies. — CNBC’s Fred Imbert contributed reporting.
