Here’s a look at some of the top stocks trending in premarket trading:
Intel (INTC) stock fell 2% in premarket trading on Friday following the news that Nvidia (NVDA) will take a $5 billion stake in the company. Intel rallied on Thursday after Nvidia made the announcement and closing 22% up.
Synopsys, Inc. (SNPS) stock fell 1% before the bell on Friday after rising 12% on Thursday following the Intel, Nvidia news.
Lennar (LEN) stock fell 2% in premarket trading on Friday after reporting a 46% drop in third-quarter profit and forecasting fourth-quarter home deliveries below Wall Street estimates. High inflation and affordability pressures have hindered US homebuilders.