By Michelle Fox
Publication Date: 2026-06-11 11:37:00
Check out the companies that made the biggest moves in premarket trading: Intel – The semiconductor company received a double upgrade to buy from Bank of America for underperforming. Bank of America cited increasing demand for central processing units amid increasing focus on artificial intelligence. Shares rose nearly 5%. Oracle – Shares fell 8% after the software giant announced plans to raise another $20 billion in equity and debt to finance the expansion of its AI. However, the company reported overall improvement in both revenue and profit and raised its adjusted profit forecast for the year. Chip Equipment Inventories – Oracle’s higher capital expenditure plans caused chip equipment inventories to rise. Applied Materials and Lam Research each rose nearly 5%, while KLA rose 4% and ASML Holding rose more than 3%. Navan – Shares rose 19% after the travel management platform forecast second-quarter and full-year revenue above FactSet forecasts. Navan too…