Tesla shares climbed on an analyst upgrade over its AI supercomputer and Hostess shares surged on a potential sale to J.M. Smucker in a merger of snack makers. Here’s what investors need ಞto k💯now today.

1. Tesla Shares Surge After Morgan Stanley Upgrade Tied to Dojo AI Superco🌊mputer

Tesla (TSLA) shares jumped more than 5% in pre-market trading after Morgan Stanley analysts upgraded Tesla to “Overweight” from “Equal-weight,” raising its 12-month target price to $400 from $250. Analysts said the electric vehicle maker’s artificial intelligence Dojo supercomputer could add $500 billion to the company’s market value by helping Tesla faster integrate robotaxis and network services. Tesla shares were trading higher than $262 in the pre-market.

2. Hostess Shares Jump♌ on Potential Sale to J.M. Smucker

J.M. Smucker (SJM) is reportedly nearing a deal to buy Twinkie-maker Hostess Brands (TWNK) in what could be a $4 billion deal, with jelly-maker Smucker prevailing over General Mills to acquire Hostess. After recovering from 澳洲幸运5官方开奖结果体彩网:bankruptcy, Hostess’s stock has more than doubled in the past five years on the strength of rising sales, while the addition is another for Smucker, which has also acquired pet food makers in a bid to expand its portfolio and gain new pockets of growth. Hostess shares jumped more than 6% in pre-market trading, while Smucker’s shares were up nearly 0.9%.

3. Meta Platforms Developing New AI ꦆModel to Compete With OpenAI

In a bid to compete with OpenAI, Meta Platforms (META) aims to release a new 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) model that it plans to have ready next year, reported to be several times more powerful than its recently released Llama 2. 澳洲幸运5官方开奖结果体彩网:Facebook parent Meta will begin testing the new large language model in early 2024, with the goal to provide service to other companies to create AI tools that will generate more humanlike expressions.

4. Apple Shares Rising Ahe🧜ad of iPhone 15 Launch

Apple (AAPL) shares traded 0.7% higher in pre-market trading ahead of the release of its iPhone 15 at Tuesday’s “澳洲幸运5官方开奖结果体彩网:Wonderlust” event. Wedbush analysts said sales of the iPhone could be strong due to one-quarter of the 1.2 billion iPhone install base being at least four years old.

5. Chinese Tech 𓂃Firm Alibaba Loses CEO of Cloud Business Ahead of IPO

Chinese tech giant Alibaba (BABA) announced that its former CEO, Danial Zhang, will step down as chair and CEO of its cloud business, ahead of its plans to spin off the cloud business in a separate 澳洲幸运5官方开奖结果体彩网:initial public offering. 澳洲幸运5官方开奖结果体彩网:American depositary receipts (ADRs𒐪) of Alibaba ticked down 0.3% in pre-market trading.