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Stocks - Micron, Walmart Rise Premarket; Carnival Falls

Investing.com - Stocks in focus in premarket trading on Monday:

• Semiconductors surged in premarket trade by 8:20 AM ET (12:20 GMT) after U.S. President Donald Trump agreed to hold off on implementing new tariffs and to ease restrictions on Chinese tech giant Huawei, while China agreed to purchase unspecified farm products from the U.S. Advanced Micro Devices (NASDAQ:AMD) gained 5.1%, while Micron (NASDAQ:MU) was up 6.3% and NVIDIA (NASDAQ:NVDA) jumped 5%.

• Genesee & Wyoming (NYSE:GWR) stock surged 8.5% after news that Brookfield Infrastructure and GIC are buying the freight railroad company for $112 per share or $8.4 billion.

• Walmart (NYSE:WMT) stock was up 0.6% after it said it plans to invest 8 billion yuan ($1.2 billion) in China over the next 10 years.

• JMU (NASDAQ:JMU) stock jumped 4.2% even after the Chinese e-commerce food-service company reported a 58.9% decrease in 2018 revenue.

• Applied Materials (NASDAQ:AMAT) stock gained 3.8% on news that it is acquiring semiconductor company Kokusai Electric for $2.2 billion. The deal will increase Applied Materials' (NASDAQ:AMAT) share of the chipmaking industry to over 20% from its current market share of 18%, according to Nikkei.

• Carnival (NYSE:CCL) stock fell 0.2% after it was downgraded to hold from buy by Berenberg, which cited expectations of slow growth through 2020 as the reason for the decline.

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