Shares of Nvidia Corp. NVDA, +1.05% rose 1.3% toward a record in premarket trading Monday, after Susquehanna analyst Christopher Rolland raised his price target to a Street high $540 from $450, saying the expected launch Ampere gaming graphics processing units (GPUs) in September will offset an anticipated second-half slowdown in datacenters and help the company lift its outlook. Rolland reiterated the positive rating he's had on the stock since November 2018. "While Intel and others...

The U.S. tally for confirmed cases of the coronavirus that causes COVID-19 climbed to 5.40 million as of Monday morning, with the death toll rising to 170,052, according to data aggregated by Johns Hopkins University. There were 42,303 new cases reported on Sunday and at least 516 new deaths, according to the New York Times, with a one-week average of 51,523 cases per day. In the U.S., 17 states saw cases increase in the past week, up from 10 states seeing increases cases last week, according...

Shares of JD.com Inc. JD, -0.76% surged 4.5% in premarket trading Monday, after the China-based e-commerce company reported a second-quarter profit and revenue that rose above expectations, as active customer accounts showed continued improvement. Net income rose to RMB16.4 billion ($2.3 billion), or RMB10.47 per American depositary share, from RMB600 million, or RMB0.36 per ADS, in the year-ago period. Excluding non-recurring items, adjusted earnings per ADS rose to RMB3.51 from RMB230,...

Sanmina Corp. SANM, -0.61% said Monday that Chief Executive Hartmut Liebel is leaving the company, effective immediately, after less than 11 months in the role. The electronics manufacturing services company said Jure Sola, the company's co-founder and executive chairman, will reassume the role of CEO and chairman. The company did not provide a reason for Liebel leaving the company, after who had become CEO on Sept. 30, 2019. With the ongoing pandemic and uncertainty in the macroeconomic...

Shares of Tesla Inc. rose Monday toward a second straight record, after Wedbush analyst Dan Ives raised his target to be the fourth-highest on Wall Street, citing signs of accelerating demand in China. But while his target represents a 15% rally above Friday’s record close of $1,650.71, Ives still doesn’t recommend investors buy the stock. Tesla shares climbed 5.5% in morning trading, to extend the 20.1% surge over the previous three sessions, in the wake of the electric vehicle maker’s...