This semiconductor stock is due for more upside amid AI boom, Oppenheimer says

The investment firm has an outperform rating on the semiconductor name.
Stocks making the biggest moves premarket: Bank of America, Broadcom, Robinhood & more

These are the stocks posting the largest moves premarket.
Power Insider: The markets are obsessed with the Strait of Hormuz. Why it matters less than you think

Retail and pro traders are obsessed with gauging the traffic in the Strait of Hormuz, thinking they can gain an edge on where oil prices are going. They can’t.
Mortgage applications rise as rates fall to one-month low

Mortgage rates fell to the lowest level in a month, boosting refinance activity and offsetting weak demand from homebuyers.
Kalshi and Polymarket vie for Washington influence as Congress contemplates regulation

Prediction markets have boomed, inviting increased scrutiny from regulators and Congress.
Morgan Stanley is set to report first-quarter earnings — here’s what the Street expects

Morgan Stanley is expected to benefit from robust investment banking and trading revenue in the quarter, as rivals JPMorgan Chase and Goldman Sachs have shown.
This cloud stock is cheap and will be an AI winner, says Piper Sandler

The investment firm upgraded cloud name to overweight from neutral.
United CEO had been considering a merger last fall, months before bringing it up to the Trump administration

United Airlines CEO Scott Kirby has said the next phase for U.S. carriers is figuring out how to better compete on a global stage.
Snap’s stock jumps 7% after announcing plans to lay off up to 16% of its workforce

Snap was up in premarket trading on Wednesday after announcing plans to lay off up to 16% of its global workforce in an effort to streamline operations.
Iran war ‘very close to over,’ Trump says — and the stock market ‘is going to boom’

The U.S. has beaten Iran “militarily” and that the war is “very close to over,” Trump said, claiming a peace deal likely.