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In a volatile trading session, three notable stocks are grabbing investors’ attention with significant news and price movements. Take-Two Interactive (Nasdaq: TTWO) surged on its latest earnings release and Grand Theft Auto 6 release confirmation, Intel (Nasdaq: INTC) dropped following a credit rating downgrade, and Nikola Corporation (Nasdaq: NKLA) soared after reporting bullish second-quarter results.
 

Take-Two Interactive: Earnings and GTA 6 Release Date Boost Stock

Take-Two Interactive shares are up 3.30% to $143.36 in morning trading after the video game publisher reported first-quarter earnings.

The company posted adjusted earnings of $0.05 per share, beating analyst estimates of $0.02. While net bookings of $1.22 billion fell short of the expected $1.26 billion, Take-Two maintained its full fiscal 2025 guidance. Investors were particularly encouraged by the confirmation that the highly anticipated Grand Theft Auto 6 will be released in late calendar 2025, with the company projecting “meaningful sequential growth” in fiscal years 2026 and 2027.
 

Intel: Moody’s Downgrade Pressures Stock

Intel Corporation is facing headwinds as its stock price drops 3.85% to $19.70 following a downgrade from Moody’s. The rating agency lowered Intel’s senior unsecured rating to BAA1 from A3 and changed the outlook to negative, citing concerns about the chipmaker’s profitability.

Moody’s expects Intel’s debt to EBITDA ratio to approach 7x by the end of 2024 before potentially improving to 4x by 2025. The downgrade highlights ongoing challenges for Intel as it navigates a competitive semiconductor landscape.
 

Nikola: Shares Surge on Strong Q2 Results

Nikola Corporation is seeing a significant surge, with its stock price jumping 14.65% to $8.94 on the back of bullish second-quarter results.

The electric and hydrogen fuel cell truck manufacturer reported revenue of $31.32 million, a 104% year-over-year increase that beat analyst estimates by 19.6%. Nikola also reported wholesaling 72 hydrogen fuel cell electric vehicles, exceeding the high end of its guidance.

Despite posting a non-GAAP loss of $2.67 per share, this marked a substantial improvement from the $9.22 loss per share in the same quarter last year. CEO Steve Girsky emphasized Nikola’s potential to disrupt the Class 8 trucking industry, with Wall Street projecting a 461% sales growth over the next 12 months.

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