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• A research firm raised its 12-month price target on AMD to $640 from $450 while maintaining a buy rating.
• Broadcom shares jumped about 4.4% in Tuesday trading to $376.38, up from a prior close of $360.45.
• Micron Technology and Ford announced a long-term Strategic Customer Agreement covering memory and storage supply.
• The move follows a report that O'Reilly Automotive submitted a cash bid for the company's NAPA auto parts business.
• Bank of America raised its price target on IBM to $330 from $315 while maintaining a buy rating.
• Micron and Ford Motor Company announced a long-term Strategic Customer Agreement for automotive memory and storage supply.
• WTI crude traded near $68.5 a barrel while Brent held below $72, both close to their lowest levels since late February.
• Gasoline has gained about 3.33 percent over the past week despite a monthly decline of 2.37 percent.
• OPEC+ approved another 188,000 barrel per day quota increase for August.
• Weekly storage injections reached 87 billion cubic feet, above market expectations.
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