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Nio climbs following a more than 60% jump in weekly registrations in China

A host of new Model Y competitors appear to be paying off for Chinese EV maker Nio.

Shares of the company rose more than 5% in Tuesday morning trading, following reports that the company last week logged a record 10,800 vehicle insurance registrations in China, a common proxy for vehicle deliveries.

The figure, which would represent a 62% jump in registrations week over week, was reportedly shared by a Nio executive on Chinese social media. Nio is said to have delivered more than 2,000 of its new three-row electric SUV, the ES8, and 2,600 Onvo L90s (another SUV) in the week ended September 28.

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Speculative stocks rebound from early sell-off

As we head toward the last hour of a wild week of trading, the buckle-up vibes the market started out with Friday have mellowed into a modestly positive day, with the Invesco QQQ Trust and the SPDR S&P 500 ETF both in the green.

But the volatility was pretty wild for some of the high-beta momentum stocks that have taken some of the worst beatings in recent days.

Shares like Applied Digital and Bloom Energy saw cumulative swings on the day along the lines of 20 percentage points. Even those that haven’t quite managed to stay positive, like IREN and Oklo, have nonetheless erased sizable losses.

Why? Frankly, it’s impossible to say. The same uncertainties that the market was facing yesterday — doubts about further rate hikes, confusion about the state of the economy, jitters about the potential for the AI boom to turn into a bust — are still hovering out there somewhere. Perhaps it will take more than a 2-percentage point drop from record highs for the major indexes — about the extent of the recent sell-off — to dull the retail reflex to buy the dip.

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Luke Kawa

Micron spikes on report that Samsung hiked memory chip prices by as much as 60%

Memory chip specialist Micron is soaring after Reuters reported that Samsung has raised prices of select memory chips by as much as 60% since September, citing two people with knowledge of the price changes.

Memory chips play a key supporting role in the AI boom by feeding high-powered GPUs with data to process.

Micron, the biggest US memory chip seller, has been on an absolute tear, more than doubling in price since the end of August. Shares recently traded more than 15% above the average analyst price target, a record based on data going back to 2007.

These days, you need a pretty good memory to keep up with all the bullish news flow surrounding memory chip stocks, whether it’s been reports of imminent price hikes for these chips, South Korean memory giant SK Hynix already being sold out of all its 2026 production, or Nvidia CEO Jensen Huang nodding at shortages of these valuable components.

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Warner Bros. Discovery rises as potential sale boils down to bidding war between Paramount, Comcast, and Netflix

The potential sale of Warner Bros. Discovery appears to have boiled down to three contenders: Paramount Skydance, Comcast, and Netflix.

All three entertainment giants are prepping bids for WBD, with a deadline of next Thursday for first-round offers, according to Wall Street Journal reporting. Warner Bros. shares climbed more than 2% in premarket trading on Friday.

Per the WSJ, Comcast and Netflix are mostly interested in WBD’s streaming assets, while Paramount — which is said to have had three offers rejected already — wants to buy the whole company.

According to people familiar with the companies’ plans, Paramount believes it has the clearest path toward regulatory approval, as it thinks Netflix’s cofounder, Reed Hastings, having supported Kamala Harris in the 2024 presidential election could be a significant hurdle in getting a deal approved, per the WSJ.

Per the WSJ, Comcast and Netflix are mostly interested in WBD’s streaming assets, while Paramount — which is said to have had three offers rejected already — wants to buy the whole company.

According to people familiar with the companies’ plans, Paramount believes it has the clearest path toward regulatory approval, as it thinks Netflix’s cofounder, Reed Hastings, having supported Kamala Harris in the 2024 presidential election could be a significant hurdle in getting a deal approved, per the WSJ.

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