Micron rises after rival SK Hynix says it’s “sold out” all of its 2026 production already

Micron is rallying in premarket trading on Wednesday, up 3.7% as of 8:07 a.m. ET, as the memory chip specialist is lifted by its South Korean rival’s robust outlook.

SK Hynix achieved record quarterly results thanks to a pickup in both volumes shipped and its selling prices.

On the conference call, an SK Hynix executive said that capacity for high-bandwidth memory, dynamic random-access memory, and NAND (or flash) memory chips are all essentially “sold out” for 2026. Separately, management said that both its own and customer inventory levels have declined because of the speed of deploying AI infrastructure.

Both SK Hynix and Micron are suppliers to Nvidia, the recently minted $5 trillion chip designer.

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Matt Phillips

Palantir up as Wall Street gushes about Q4 report

But will retail reengage with the shares?

Luke Kawa1h

Opendoor Technologies jumps on reported “Trump Homes” plan from developers, positive signals on mortgage loan growth

Opendoor Technologies is surging on Tuesday on a double dose of good news: a report that mortgage loan growth is soaring and a potential plan to boost US housing supply.

Speaking on CNBC, Rocket Companies CEO Varun Krishna said his firm is “on track to produce the highest mortgage loan volume and the highest gain on sale in four years.”

Separately, Bloomberg reports that US developers are pursuing a “Trump Homes” plan to build up to 1 million homes (or $250 billion in housing) in a bid to make homeownership more accessible. Shares of Lennar and Taylor Morrison, which are both said to be involved with this program, are up on this report.

The Trump Homes plan is being discussed by developers, and Bloomberg reports that “the administration is not actively considering the plan, a White House official said, speaking on condition of anonymity.”

A more active real estate market is music to the ears of Opendoor bulls. Following its Q3 earnings report, new CEO Kaz Nejatian indicated that his plan to turn around the online real estate company involved a high-volume strategy: buying more homes faster, and quickly flipping them for a small profit. The company has significantly expanded its homebuying footprint to include the entire Lower 48 states.

J. Edward Moreno1h

Novo expects sales will drop in 2026 amid rising competition

Ozempic maker Novo Nordisk expects annual sales to decline by up to 13% in 2026 despite signs that its new Wegovy pill, the first oral GLP-1 to come to market, is having strong early uptake.

The pharmaceutical giant gave an early look at its outlook for 2026, with complete results scheduled for Wednesday morning. The Danish drugmaker said it expects sales will fall by 5% to 13%.

How Novo Nordisk’s new Wegovy pill is transforming the weight-loss drug market

Luke Kawa2h

Rocket Companies jumps as CEO touts soaring mortgage loan volumes

The US housing market — or at the very least resale activity — is thawing after a long freeze.

Shares of Rocket Companies are soaring on Tuesday after CEO Varun Krishna told CNBC that the firm is “on track to produce the highest mortgage loan volume and the highest gain on sale in four years.” Rocket, he added, was “right there to capitalize” on the drop in mortgage rates.

Per Realtor.com, the share of US homeowners with mortgage rates above 6% now exceeds those with rates below 3%. This points to a diminished “lock-in” effect that dampened resale activity in the postpandemic economy.

Luke Kawa3h

Claude Cowork’s plug-ins the newest reason for software stocks to crater

“Claude Cowork’s new plug-ins” have joined “Microsoft’s cloud business growth poised to decelerate by half a percentage point” and “the launch of Claude Cowork” as the latest reasons to send software stocks into the abyss.

Anthropic’s new tools for Cowork, a computer assistant on mental steroids, are doing outsized damage to stocks linked to the legal industry on Tuesday, but also likely weighing on the entire software complex. The iShares Expanded Tech Software ETF is down 3.4% as of 10 a.m. ET, with DocuSign, Atlassian, Salesforce, Workday, Adobe, and ServiceNow all slammed.

The chatbot maker said these plug-ins were “especially powerful for tailoring Claude to specific job functions,” and lawyers aren’t the only folks who will feel a little itchy under the collar upon seeing that.

As previously discussed, these plug-ins run the gamut in terms of applicable professional domains: in addition to legal, there’s productivity, enterprise search, sales, finance, data, marketing, customer support, product management, and biology research, as well as a meta plug-in to create and customize other plug-ins.

Anthropic’s legal plug-in for Claude Cowork prompts rush out of legal software and publishing stocks

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