AMC sinks in awful day for meme stocks of yesteryear

It’s a bad day to have been a meme stock in early 2021 or the second quarter of 2024.

Not only is GameStop selling off hard, but AMC is also down more than 6% as of 3:08 p.m. ET.

There’s no clear news driving the retreat, though Bloomberg Intelligence analysts did flag that the wildfires in California have severely dented North American movie-ticket sales.

“We think cinema attendance is likely to remain sparse through the end of the month despite fresh content from Universal, Warner Bros, and Sony,” Kevin Near and Geetha Ranganathan wrote in a January 13 note.

The stock is on pace to see more than twice as many put options change hands versus the average for the past month.

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Palantir climbs toward a fresh record high ahead of earnings report

Traders and Wall Street are waiting to see whether Palantir’s latest numbers after market close today will continue to beat expectations.

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Max Knoblauch4h

Joby’s UAE reported certification delay stokes fears that air taxis may be further off than thought, sending eVTOL stocks down

Commercial air taxi service may be on a slower path than investors previously thought.

Shares of Joby Aviation fell more than 9% on Monday morning amid a report from The National that the company’s UAE certification will be completed by the third quarter of next year. That’s a significant delay from Joby’s own projected timeline in February, when it said it planned to carry passengers in Dubai in “late 2025 or early 2026.”

Rival Archer Aviation, which also recently suffered a hit to its UAE certification timeline, fell more than 9%. Joby and Archer each are expected to report their earnings results later this week.

Also potentially causing some investor pullback is the planned IPO of Beta Technologies on Tuesday. Beta, a manufacturer of electric aircraft, received a $300 million investment from GE Aerospace in September.

Luke Kawa

Options markets signal “optimism peaks” for Magnificent 7 stocks

“The number of stocks in the S&P top 100 trading with inverted call skew (a sign of extremely bullish sentiment where the OTM call trades at a higher volatility than the ATM call) has surged to a high of ~20% (vs. historical average of just 3%),” per Cboe.

Close-up Of Snow-Dusted Zugspitze Massif Peaks In The Wetterstein Mountains In Tyrol

Matt Phillips5h

Micron jumps on report of surging memory chip prices

Micron, the US memory chip specialist, is up more than 4% in early trading Monday after a report that Samsung Electronics was temporarily pausing new pricing on contracts for the latest version of ubiquitous short-term computer memory: Dynamic Random Access Memory, or DRAM. The chip giant wants to see where the market settles after a recent spike in spot prices for memory chips driven by the AI boom.

DRAM and memory chips of all sorts have pricing power because of how much demand is outpacing supply. Last week, South Korean memory chip behemoth SK Hynix said it had already “sold out” all of its 2026 production.

Such signs of ongoing AI-related demand for IT hardware also gave a lift to other data storage device makers, such as Seagate Technology Holdings and Western Digital. The duopoly dominate the hard disk drive market, and have ridden a boom in demand for the affordable data storage devices to gains of more than 200% in 2025.

Exclusive: Samsung delays DDR5 contract pricing to mid-November as spot prices triple

Luke Kawa6h

Nvidia gains as two new AI deals this morning underscore demand for its flagship chips

Nvidia is off to a hot start this week, up about 3% as of 9:40 a.m. ET, as the chip designer continues to be the beating heart at the center of two fresh AI deals announced on Monday morning.

IREN is going to be outfitting a Texas data center with Nvidia GPUs that will be purchased from Dell and utilized by Microsoft.
Amazon Web Services is providing OpenAI access to “hundreds of thousands” of Nvidia GPUs as part of a $38 billion deal for computing power.

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