International Business Machines — The tech giant’s stock rose more than 3% after Bank of America raised its price target. The company raised its price target to $330 from $315 and said it “expects IBM to modestly increase its F26 guidance.” O’Reilly Automotive — The auto parts retailer’s stock fell more than 7%. Late last week, Bloomberg reported, citing people familiar with the matter, that O’Reilly was making a cash bid for Genuine Parts’ auto parts business. Prosecutor Davidson said Monday that such a deal would be “positive” for O’Reilly, reiterating his buy rating and $114 price target. Teradyne, Advanced Micro Devices — Shares of both semiconductor companies soared after Goldman Sachs raised their price targets for their shares. Goldman raised its 12-month target for Teradyne to $465 from $350 and for AMD to $640 from $450. The company rates both stocks as “buys.” Teradyne’s stock price recently rose 4%, while AMD’s stock price rose almost 8%. The iShares Semiconductor ETF (SOXX) also rose more than 3%. Shares in Airen Ltd. — an Australian data processing servicer listed on the Nasdaq — soared 14%. According to the Australian Financial Review, IREN could sell at least 1.4 gigawatts of capacity from its Australian data centers to Anthropic. Micron Technology — The memory chip maker’s stock rose nearly 3%. Micron and Ford Motor Co. announced a long-term agreement in which the semiconductor company will provide memory and storage platforms for the automaker’s next-generation vehicles. Ford rose more than 3%. Broadcom — The semiconductor company’s stock rose 4%. Broadcom announced that it is extending its partnership with Apple through 2031 to develop and supply custom chips for use in multiple generations of Apple products. The iPhone maker’s stock rose more than 1%. AXT — Shares soared nearly 20% after the semiconductor substrate maker announced late Thursday that its subsidiary had entered into a “master development and supply agreement” with Coherent. This includes AXT increasing its manufacturing capacity at its Beijing factory through 2028. Coherent stock rose more than 3%. Shares of Solstice Advanced Materials — a specialty chemicals maker spun off from Honeywell last year — fell about 15% on reports that the company is considering a potential merger with Element Solutions to form a $27 billion company. Element Solutions’ stock price fell about 3%. Talks between the two companies are continuing and a deal could be reached as early as this week, according to people familiar with the talks. TeraWulf — Shares rose 10% after Anthropic signed a 20-year lease to use its TeraWulf data center in Kentucky. The lease is expected to generate approximately $19 billion in revenue in the first term. Dell Technologies — Shares of the server maker rose about 4% on Monday after President Donald Trump rang the stock market opening bell in the Oval Office and touted Dell computers from the White House. Trump purchased between $1 million and $5 million of Dell stock on February 10, and made three smaller purchases of Dell stock in March, according to government ethics filings. ASML Holding — Shares of the Dutch semiconductor company rose more than 4% after Bernstein raised its price target by more than 30% to $2,300. Analysts at the company said they were raising their expectations as artificial intelligence drives unprecedented growth in logic and DRAM capacity. T-Mobile US — Shares rose more than 1% after Bank of America raised its rating from neutral to buy. The bank said investors were reacting to a bearish peak in the telecom sector and said the stock’s decline of more than 20% from February’s 2026 high was excessive. —CNBC’s Scott Schnipper, Michelle Fox and Nick Wells contributed reporting.
