The US market session of Wednesday has yet to be opened, let's have a look at the top S&P500 gainers and losers in the pre-market session today.
MU
Micron Technology Inc
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US equity futures were slightly higher pre-bell Wednesday as technology stocks rebounded after a bro
US stock futures were mostly trending higher on Wednesday as markets looked to recover from the prev
Tech stocks rebounded with South Korea's Kospi index after the Nasdaq broke key support Tuesday. Micron earnings loom. FedEx and AI chip IPO Cerebras dived late.
The spotlight is on chipmaker Micron Technology as it prepares to report earnings, with investors bracing for further volatility following sharp market swings fueled by large flows tied to SpaceX and a two-day boom-bust in semiconductor stocks. Last June, Micron was a well-known if somewhat obscure company with a market value of $136 billion and a long history, but not necessarily one whose quarterly earnings reports caught investors' fancy. Fast forward a year, and Micron is one of the stars of the technology rally that has sent chipmakers around the world soaring, igniting a fresh trading frenzy even after a dozen or more months of AI excitement.
In a significant move for the AI chip industry, Menlo Ventures has announced securing $3 billion in new capital dedicated to investing in promising AI companies at various stages of development. This investment is poised to support advancements across the AI stack, from foundational infrastructure to AI-native applications in sectors such as enterprise, healthcare, and consumer markets. Menlo Ventures has positioned itself as a key player in the AI era, leveraging its technical expertise and...
