Premarket Movers | Amazon, Marvell Jump Nearly 3%; Credo Gains over 4%; Drone Maker AEVEX Rallies Another 9%

Tiger Newspress
3 hours ago

Amazon.com stocks rose 2.91% in premarket trading. Amazon said on Monday that it will invest up to $25 ​billion in Anthropic, as the AI startup commits to ‌spending more than $100 billion over the next 10 years on Amazon's cloud technologies.

The deal deepens the two firms' relationship as Anthropic rushes to secure capacity ​to bolster its models.

Marvell Technology stocks jumped 2.72% in premarket trading after soaring 6% in the previous trading day. Google is exploring cooperation with chip designer Marvell Technology to develop two new customized chips for AI inference workloads.

Credo Technology rose 4.6% in premarket trading. In a report released on Monday, Christopher Rolland from Susquehanna reiterated a Buy rating on Credo Technology Group Holding Ltd, with a price target of $200.

Drone maker AEVEX kept rally 8.9% in premarket. AEVEX's shares jumped 35% in their debut on the New York Stock Exchange on Friday, signaling growing investor appetite for defense-linked businesses as governments ramp up military spending amid persisting geopolitical tensions.

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