Major global chip stocks rally on Micron’s 15% surge; ASML up 4%

September 26, 2024

Image source: Wikimedia Commons

Breaking News

Image source: Wikimedia Commons

Major global chip stocks rally on Micron’s 15% surge; ASML up 4%. 📈 Global chip stocks rallied on Thursday after U.S. memory semiconductor maker Micron posted revenue guidance that topped expectations and boosted its share. Shares of Micron jumped as much as 16% in premarket trade in the U.S. Dutch semiconductor equipment maker ASML rose more than 4% in early trade in Europe. CNBC reports.

EdgeUp

📉 Amg-Down: Shares of Amgen are sliding after the biotech company posted disappointing results from two drug studies. Yahoo Finance reports.

🌐 MetaQuest: Meta unveils $299 Quest 3S VR headset, Orion AR glasses prototype. CNBC reports.

🚀 EtihadBoost: Etihad reveals $7 billion investment plan over five years, will retrofit old Boeing jets. CNBC reports.

🚫 ZeroProfit:
OpenAI to remove non-profit control and give Sam Altman equity, sources say. Yahoo Finance reports.

💼 MaxPressure: Boeing workers pressured to put speed over quality, FAA says. CNN reports.

🌊 NvidiaWave:
Nvidia stock edges up as industry report predicts 'unprecedented levels' of investment in AI data centers. Yahoo Finance reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $TBIO: Telesis Bio

Total gain: +108.18%

2. $KTRA: Kintara Therapeutics
Total gain: +38.44%

3. $DUO: Fangdd Network Group
Total gain: +33.11%

4. $NCNA: NuCana
Total gain: +19.67%

5. $YINN: Direxion Daily FTSE China Bull 3x Shares
Total gain: +18.16%

Tech Thursday

Apple Unveils iPhone 16 Lineup: Four New Models with Enhanced Features

Apple launched four new iPhones: the iPhone 16, iPhone 16 Plus, iPhone 16 Pro, and iPhone 16 Pro Max. The differences between them mainly lie in display size, processor speed, and battery life. All models run iOS 18 and support Apple services like Music, iCloud, TV+, and Fitness+.

The iPhone 16 has a 6.1-inch Super Retina XDR display, while the 16 Plus offers the same features with a larger 6.7-inch display, both using the A18 processor. For more power, the iPhone 16 Pro and Pro Max offer better cameras, faster performance, and larger screens (6.3-inch and 6.9-inch), powered by the A18 Pro processor.

📰 Read more

Yesterday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on September 25.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $MKFG: Markforged Holding Corporation

Total gain: +73.99%
Nano Dimension and Markforged Holding Corporation jointly announced that they have entered into a definitive agreement under which Nano Dimension will acquire all outstanding shares of Markforged in an all-cash transaction at $5.00 per share. Benzinga reports.

2. $RZLV: Rezolve AI Limited
Total gain: +52.85%
The company responded to Bain & Company's forecast of AI's market explosion, predicting annual growth between 40-55% and a market size approaching $1 trillion by 2027. Benzinga reports.

3. $ATGL: Alpha Technology Group
Total gain: +49.03%
The stock appeared to be moving on no notable news.

Today’s Notable Earnings

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

BB: BlackBerry
2Q 2025
After Market Close
Estimate: -0.040
Actual: N/A

COST: Costco Wholesale
4Q 2024
After Market Close
Estimate: 5.080
Actual: N/A

MTN: Vail Resorts
4Q 2024
After Market Close
Estimate: -4.250
Actual: N/A

Today’s Key Economic Dates

Time (ET) / Report / Period

8:30 am - Initial jobless claims - September 21
8:30 am - Durable-goods orders - August
8:30 am - Durable-goods minus transportation - August

Parting Thoughts

“The market has a way of correcting itself over time.”

― Burton G. MalkielSourced in:
“A random walk down Wall Street: The time-tested strategy for successful investing”, by Burton G. Malkiel, published in 2015