Salesforce's stock increased by 4% following a double upgrade from Bank of America, which believes that artificial intelligence will enhance reliance on its software. First Solar's shares rose 2.4% after Truist upgraded the company to buy, citing strong demand and pricing power in the solar market.
Biogen's stock gained 2% after JPMorgan upgraded it to overweight, highlighting upcoming clinical readouts in 2027 as potential catalysts. Australia-based Iren saw a 5.3% increase after reports of a multiyear cloud computing deal with Anthropic.
SLM's shares advanced 2% after Morgan Stanley upgraded it to overweight, viewing its current valuation as a buying opportunity despite a 15% year-to-date decline. Mattel's stock rose over 1% after an upgrade to buy from Seaport, amid speculation of a potential takeover.
Conversely, IonQ's shares fell over 2% following its acquisition of cybersecurity firm Elisity for up to $1.3 billion, while Micron's stock dropped 2% as China's CXMT announced plans to produce competing next-generation memory chips