Check out the companies making headlines before the bell. Oracle — Shares rose 2% after the technology company received an upgrade from Neutral to Buy from Prosecutor Davidson. “We believe a revamped OpenAI can return to its position as Google’s top challenger and accumulate fresh capital to meet its obligations this year, including its obligation to Oracle,” DA Davidson analysts said in a note to clients. STMicroelectronics — The semiconductor company rose 7% after announcing it would expand a multibillion-dollar partnership with Amazon Web Services to support cloud and AI data center infrastructure. Kroger — Shares rose nearly 5% after the Wall Street Journal reported that the grocery store chain is preparing to name former Walmart executive Greg Foran as its next CEO. Novo Nordisk, Hims & Hers Health — Novo Nordisk rose about 5% after Hims & Hers pulled a counterfeit weight loss drug from the market after Novo threatened to file a lawsuit against the telemedicine company. Hims & Hers’ stock price fell 18%. Robinhood — Shares rose 3% after the trading platform received an upgrade to buy from Wolf Research. The company pointed to Robinhood’s attractive risk-reward profile despite the recent sell-off in cryptocurrency stocks. Semiconductor stocks — Stocks across the semiconductor industry fell after South Korean media reported that Samsung will begin producing next-generation high-bandwidth memory chips as early as this month. Micron Technology fell 3%, and Broadcom and Advanced Micro Devices shares edged down 1%.
