Microsoft, Lyft and Citigroup rise premarket; T-Mobile US falls By Investing.com

Investing.com — US stock rose Monday, starting the new week on a positive note ahead of the release of key employment data.

Here are some of the biggest premarket US stock movers today:

Microsoft (NASDAQ:) stock rose 1% after the software giant announced plans to invest about $80 billion in fiscal 2025 on developing data centers to train artificial intelligence models and deploy AI and cloud-based applications.
T-Mobile US (NASDAQ:) stock fell 1% after downgrades from both RBC Capital Markets and Wells Fargo (NYSE:), both of which expressed concerns about the wireless carrier’s valuation and decelerating growth.
Lyft (NASDAQ:) stock rose 4.6% after Benchmark upgraded the ride-hailing firm’s stock to “buy” from “hold”, with the stock’s 10% drop over the last month creating value.
Citigroup (NYSE:) stock rose 2.1% after Barclays (LON:) upgraded its stance on the US banking giant to “overweight” from “equal weight”, citing “accelerating earnings growth, higher investment banking fees, healthy operating leverage, increasing ROTCE, greater capital return, and P/E multiple expansion.”
AT&T (NYSE:) stock rose 0.6% after RBC upgraded its stance on the telecoms giant to “outperform” from “sector perform”, citing greater confidence in growth initiatives and shareholder return prospects.
Plug Power (NASDAQ:) stock rose 5.7% after the US Treasury Department issued rules for getting tax credits for hydrogen fuel produced with nuclear energy.
Boeing (NYSE:) stock rose 1.8% after the aircraft manufacturer appointed Dana Deasy as the company’s new Chief Information and Digital Officer.
MicroStrategy (NASDAQ:) stock rose 4.2% after the business-software company unveiled its plans to issue $2 billion in preferred stock to raise the funds needed to buy more bitcoin.

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