Stocks making the biggest moves premarket: Nvidia, Micron, SanDisk & more
Nvidia H100 chips inside a server room at the Yotta Data Services Pvt. data center, in Navi Mumbai, India, on Thursday, March 14, 2024.
Here are the companies making headlines in pre-market trading:
Nvidia — Shares of the semiconductor giant gained 0.5% after announcing a landmark $20 billion agreement to acquire assets from artificial intelligence startup Groq. The deal marks Nvidia’s largest-ever acquisition, significantly expanding its AI infrastructure portfolio as competition in the accelerator space intensifies.
Micron Technology, SanDisk — Memory chip stocks rose following a DigiTimes report that Samsung Electronics and SK Hynix are raising prices for their fifth-generation high-bandwidth memory (HBM3E) chips by nearly 20% for 2026 deliveries. Micron shares advanced nearly 2%, while SanDisk jumped 4%, reflecting positive sentiment toward the broader memory sector amid tightening supply conditions.
Airline Stocks — Shares of major carriers dipped as a winter storm threatened to disrupt flight schedules during a busy travel period. Both United Airlines and American Airlines edged down slightly in pre-market trading. Airlines have been proactively issuing travel waivers, but investor concern over near-term operational and revenue impacts persists, underscoring the sector’s vulnerability to seasonal disruptions.
