U.S. Stocks to Watch: Wolfspeed, Boeing, Nvidia, Intel, Jefferies, Nike, and More

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Stock futures were falling Tuesday and gold prices hit another record high with investors on edge as the deadline to avert a U.S. government shutdown neared.

These stocks were poised to make moves Tuesday:

Wolfspeed rose 38% to $30.56 after the chip company said it emerged from Chapter 11 bankruptcy. Wolfspeed said it has reduced its total debt by about 70%, and lowered its annual cash interest expense by roughly 60%. "In addition, the company believes that it maintains ample liquidity to continue supplying customers with leading silicon carbide solutions," Wolfspeed said in a statement.

Nvidia was down 0.3%. Shares of the leading maker of artificial-intelligence chips closed up 2.1% on Monday as AI-related stocks racked up gains across the board. KeyBanc raised its price target on the stock to $250 from $230, reiterating an Overweight rating, citing momentum for rack shipments, and potential to maintain its competitive advantage among rival chip makers, among other things.

Intel fell 2%, extending the chip maker's decline of 2.9% on Monday. Shares remain up about 40% over the past month as Nvidia said it would invest $5 billion in the company, and there has been speculation that iPhone maker Apple and $Taiwan Semiconductor Manufacturing(TSMWF)$ could follow.

Boeing inched up 0.2% after The Wall Street Journal reported that the plane manufacturer is planning a new jet to replace the 737 MAX. The move could commit the company to billions of dollars and multiple years of product development. The payoff would likely be an improved market share in key markets. It comes after the 737 MAX jet has faced several issues, including two deadly crashes in 2018 and 2019.

Jefferies Financial Group was falling 0.2% after the investment bank reported fiscal third-quarter earnings that rose 34% from a year earlier to $224 million. On a per-share basis, earnings were $1.01 a share, topping Wall Street forecasts of 80 cents. Revenue of $2.05 billion rose 22% from a year earlier and also beat consensus. Jefferies said $656 million of revenue from its investment-banking advisory business was its best ever in a quarter.

Robinhood Markets was pulling back 0.5% after it rose 12% on Monday to close at $136.72, a record high. Shares of the brokerage platform have been boosted by developments in both its ultraluxury banking service and football prediction markets. The stock has risen 267% in 2025.

AppLovin was down 0.2% ahead of Wall Street's opening bell. Shares of the digital ad company jumped 6.3% on Monday to close at a record high of $712.36. Morgan Stanley raised its stock-price target on Monday $750 on Monday, while 11 other firms have raised their targets on the stock since August, including Piper Sandler and UBS on Friday.

Western Digital rose 1.6% after shares of the data-storage company jumped 9.2% on Monday to a record closing high of $116.74. Morgan Stanley reiterated an Overweight rating on the stock on Monday and nearly doubled its price target to $171 from $99 -- the highest figure on Wall Street, according to FactSet. The market hasn't fully priced in the uptick in demand for the company's core products, Morgan Stanley said.

Vail Resorts was down 1.9%. The mountain leisure and hospitality company reported a fiscal fourth-quarter adjusted loss of $5.08 a share, wider than analysts' estimates that called for a loss of $4.72. Revenue of $271.3 million was also shy of forecasts. Vail said pass product sales through Sept. 19 for the coming $North American(FNCSF)$ season were down about 3% in units, and up about 1% in sales dollars.

Progress Software rose 4% in the premarket session after fiscal third-quarter earnings and revenue topped Wall Street forecasts and the Burlington, Mass. company raised its fiscal-year adjusted earnings forecast. Progress Software said it expects adjusted per-share earnings of $5.50 to $5.56, up from previous guidance of $5.28 to $5.40.

Earnings reports are expected Tuesday from Nike, Paychex, Lamb Weston, and United Natural Foods.

Shares of Nike were edging up 0.1% ahead of fiscal first-quarter earnings scheduled for after the closing bell from the maker of athletic shoes and sports apparel. Wall Street expects Nike to report earnings of 27 cents a share, down from 70 cents a year earlier, on a revenue decline of 5.2% to $11 billion.

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