Check out the companies that make headlines in pre-market transactions. Auto Stocks – Stocks in major automakers have fallen after President Donald Trump announced a 25% tariff on all cars that come into effect next week. General Motors slipped over 6%, while Stellantis lost 1%. GameStop – Video game retailers are planning to give back some of the 11.7% rallies seen in previous sessions, down 7% in pre-market transactions. The decline comes after the company announced plans to raise $1.3 billion in debt to buy Bitcoin. Earlier this week, GameStop said the board unanimously approved plans to buy Bitcoin with corporate cash, reflecting the move that has become famous by MicroStrategy. JEFFERIES – Bank shares fell 3.8%, indicating a decline in the previous year, after the company recorded 57 cents per share, with revenue of $15.9 billion in the first quarter. NVIDIA – Stocks in the Artificial Intelligence Darling and Megacup Technology company have fallen 1.7% lower. Reuters reported that H3C, one of China’s largest server manufacturers, warned in a note to clients about possible shortages of NVIDIA’s H20 chips. Alibaba – After Alibaba launched a new open source AI model, the Chinese technology company’s registered US stock added 1%. This model is called the “QWEN2.5-OMNI-7B” and can be used on edge devices such as mobile phones. Verint Systems – Customer Experience Stock plunged 10.2% after posting weak fourth quarter revenue and full-year guidance. Verint said, with 99 cents per share and excluding items on revenue of $254 million, the analysts voted by LSEG loaded pencils at $1.27 per share and revenue of $277 million each. Advanced Micro Devices – Semiconductor Stocks purchased 3.4% after Jefferies downgrade. Jeffries cited rising competition as one reason for concern. Liberty Energy – Energy Services Company added 2% after Morgan Stanley upgraded its inventory from equal weight to overweight. The bank said Liberty Energy is an attractive play in growing electricity demand. UBS Group – Swiss Bank’s US trading stock fell nearly 2% after Bank of America downgraded from neutral to poor performance. In a note to its client, Bank of America said UBS is at a downside risk from Swiss regulatory changes. – CNBC’s Yun Li, Michelle Fox and Jesse Pound contribution reports Get Your Your Your Your Your Live New York Stock Exchange! An uncertain market? Earn Edge with CNBC Pro Live, the first exclusive event on the historic New York Stock Exchange. Access to expert insights is paramount in today’s dynamic financial situation. As a CNBC Pro subscriber, we recommend attending the first exclusive and in-person CNBC Pro live event held at the iconic NYSE on Thursday, June 12th. You will also get the opportunity to network with CNBC experts, talent and other pro subscribers during exciting cocktail hours on the legendary trading floor. Tickets are limited!
