Today’s Market Movers: Super Micro Computer, Apple, and Critical Mineral Stocks Lead Monday Trading

TLDR

• AI stocks climbed in premarket trading ahead of Wednesday’s inflation data
• Apple fell 1% on reports it is testing memory chips from China’s ChangXin Memory Technologies
• Berkshire Hathaway edged up after operating earnings rose 16% to $13 billion in Q2
• Critical mineral stocks surged after the White House announced over $2 billion in new mining investments
• Robinhood shares rose after launching crypto trading in the UK with zero trading fees

AI stocks pushed higher in premarket trading on Monday as investors positioned themselves ahead of Wednesday’s consumer price inflation report. The data could influence whether the Federal Reserve continues to hold interest rates at current levels.

Super Micro Computer added 3% before the opening bell. The AI server maker is set to report its fourth-quarter earnings on Thursday.

Super Micro Computer, Inc., SMCI

Other AI-linked names also moved higher. Lumentum rose 3.7%, Coherent gained 2.4%, Applied Materials climbed 2.4%, and Corning advanced 1.8%. Dell, Intel, and Marvell were also among the risers.

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