On this episode of Stock Movers:
- Shares of Tesla (TSLA) led fellow Magnificent Seven stocks higher in premarket trading Thursday ahead of the electric-car maker’s delivery figures for three months that ended in September. The company likely delivered around 439,600 vehicles worldwide in the three months that ended in September, according to analysts’ estimates compiled by Bloomberg. Although that would amount to a roughly 5% drop from a year ago — and mark Tesla’s third straight quarterly decrease — it would be an improvement relative to the first half of 2025, when vehicle sales tumbled 13%.
- ADRs of Dutch chip manufacturing supplier ASML (ASML) moved higher alongside European semiconductor stocks, following gains by US and Asian-listed peers. Samsung Electronics and SK Hynix shares rose to their highest in years after South Korea’s largest companies forged initial agreements to supply chips to OpenAI’s Stargate project, reinforcing their lead in artificial intelligence memory.
- Shares of energy real estate investment trust Fermi (FRMI) soared in premarket trading after rallying 55% in their debut. The REIT - backed by former US Secretary of Energy Rick Perry - raised $682.5 million in its US listing, the latest sign of investors’ hunger for exposure to a boom in artificial intelligence.
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