Premarket movers Mag 7 stocks are mixed: Nvidia climbs 0.6% after partner Hon Hai Precision Industry reported better-than-expected quarterly revenue, pointing to sustained and elevated spending on AI infrastructure (Alphabet unchanged, Amazon -0.1%, Apple -0.2%, Meta -0.2%, Microsoft +0.4%, Tesla -0.3%) US-listed shares of Brazilian companies and firms exposed to the country rally after Flávio Bolsonaro surged to a surprise lead over Luiz Inácio Lula da Silva in the first round of the presidential election. Align Technology (ALGN) slips 2% after Evercore ISI downgraded the medical-device company to inline, writing that “the dental macro picture has meaningfully weakened.” Cenovus Energy’s US-listed shares (CVE) slip 2% after the company agreed to buy Athabasca Oil Corp. at an enterprise value of C$5.7 billion ($4 billion), the latest in a wave of consolidation as Canada’s government seeks to grow energy production. Cerebras Systems (CBRS) is up 4% after OpenAI CEO Sam Altman said the company is “a close partner” of OpenAI and the two firms have “a deep engagement pushing on the frontiers of speed.” DraftKings (DKNG) gains 4% as BofA raises the recommendation on the online sports betting company to buy, with the analyst citing her more positive view of the predictions markets (PM) impact. . Harley-Davidson (HOG) climbs 5% after Citi upgraded the motorcycle company to buy, writing that an acceleration in retail growth is “tough to ignore. Intel (INTC) is down about 4% after a report on discussions of a potential collaboration between Taiwanese chip giant TSMC and Elon Musk’s Terafab, which Intel joined in April. PTC (PTC) surges 36% after Schneider Electric agreed to acquire the company. RXO (RXO) gains 20% after agreeing to be purchased by CH Robinson Worldwide. Shares of CH Robinson (CHRW) are down 7%. Wells Fargo (WFC) inches 1.3% higher after Morgan Stanley upgraded the bank to overweight, seeing “a clearer path to improving profitability in 2027.”