Kroger Falls on Downbeat Forecast; Intel Surges on Apple Deal | Stock Movers

Intel (INTC) shares surged in premarket trading following an announcement by President Trump that the chipmaker will collaborate with Apple (AAPL) to design and produce semiconductors domestically. This partnership aims to bolster domestic semiconductor manufacturing capabilities. Smith & Wesson (SWBI) also saw its shares rise after reporting a profit of 36 cents per share on a comparable basis for the latest quarter, with sales reaching $178.4 million. In contrast, Kroger (KR) experienced its largest intraday share price decline since October 2022. This drop occurred after CFO David Kennerley projected that adjusted earnings per share (EPS) for the second quarter would remain in line with the previous year's figures, indicating a lack of expected growth.