U.S. Movers: Amazon, GameStop, Intel, Microsoft, SquareSpace

Scott Peters
13 May, 2024
New York City

GameStop Corp. soared 33% to $23.30 after the 2021 meme stock rally leader with the screen name "Roaring Kitty" posted his first social media post since 2021. 

SquareSpace jumped 13% to $43.15, and the e-commerce platform operator agreed to go private in an all-cash deal valued at $6.9 billion. 

The company's board agreed to a $44-a-share cash offer, and the company's chief executive, Anthony Casalena, will continue to lead the company and the board. 

Microsoft, Amazon.com, Accenture, Morgan Stanley, Pfizer, AstraZeneca, and GSK were among several leading companies announcing their plans to invest a total of Є15 billion in France. 

The investment plans were announced at an annual gathering of 180 chief executives during an annual summit of Choose France held in Paris. 

In 2023, several companies at the summit announced plans to invest Є13 billion in France. 

Microsoft Corp. gained 0.4% to $416.56 after the company said it plans to invest as much as $4 billion and expand its cloud and AI infrastructure in France. 

Microsoft plans to build a data center in Mulhouse, France, a city close to the border of Germany and Switzerland. 

Amazon.com Inc. gained 0.01% to $187.50 after the e-commerce retailer and cloud infrastructure provider said it plans to invest 1.2 billion in France. 

Amazon.com said it will add as many as 3,000 jobs in the Paris area to strengthen its cloud infrastructure. 

Intel Corp. advanced 1% to $30.17 after private equity investor Apollo Global and the company are in advanced talks to build a manufacturing facility in Ireland. 

Apollo is likely to invest $11 billion in the manufacturing facility, the Wall Street Journal reported Monday. 

Intel is in the midst of a $100 billion investment spree as the company plays catch-up with Taiwan Semiconductor and diversifies its business model to provide foundry services to other fabless chip makers.