Today’s Market Movers: Micron, HIVE Digital and Alibaba Lead Monday’s Premarket Action
TLDR
- Micron rose over 3% after a Trump official said the US doesn’t want Apple buying memory chips from China
- HIVE Digital surged 8% after signing a $350M GPU cloud deal with BUZZ HPC covering Nvidia Blackwell Ultra GPUs
- Diana Shipping jumped up to 10% after withdrawing its takeover bid for Genco Shipping
- Alibaba climbed after agreeing to sell its videogame unit for at least $1.5 billion to fund its AI push
- L3Harris fell 2% after its chairman and CEO was immediately removed over a Code of Conduct violation
US stock futures edged higher Monday morning as investors moved into artificial intelligence-related stocks at the start of what is expected to be a quieter week for markets.
Micron climbed 3.4% in premarket trading after Commerce Secretary Howard Lutnick told The Wall Street Journal that the Trump administration does not want Apple buying memory chips from China.
The comments gave a boost to the broader memory chip sector. Sandisk rose nearly 5%, while Seagate and Western Digital added around 2.6% and 3.7% respectively.
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