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Intel-SK Hynix Potential Tie Up; JB Hunt Lower on Costs | Stock Movers
Bloomberg8d agoneutralVIDEO
Intel-SK Hynix Potential Tie Up; JB Hunt Lower on Costs | Stock Movers

On this episode of Stock Movers: - Intel (INTC) is the most actively traded stock in the premarket after Reuters reported that SK Hynix is in talks with the chipmaker about a deal that would see it manufacture memory chips in the US for the first time. SK Hynix says it's made no decisions in response to a Reuters report that it's in talks with Intel about a deal to make semiconductors in the US. - JB Hunt (JBHT) shares are lower this morning after the trucking company flagged rising costs and issued a rare earnings warning at a Morgan Stanley conference. - Reliance Worldwide (RWC) shares are moving on news Brookfield agreed to pay $3.38 a share to buy Reliance World.

Chip Stocks Dive on Talk of AI Slowdown
The Wall Street Journal10d agoneutral
Chip Stocks Dive on Talk of AI Slowdown

Asian and European chip stocks tumbled Monday after leaders of the world’s biggest artificial intelligence companies called for the industry to slow development of the technology for safety reasons. Nvidia and Intel are down in premarket trading.

Stocks Shake Off CPI Report and Rally on Lower Oil Prices
Barchart13d agobullish
Stocks Shake Off CPI Report and Rally on Lower Oil Prices

The S&P 500 Index ($SPX ) (SPY ) is up +0.87%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.97%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.77%. E-mini S&P futures (ESU26 ) are up +1.01%, and September E-mini Nasdaq futures (NQU26 )...