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Tesla, Inc. engages in the design, development, manufacture, and sale of electric vehicles and energy generation and storage systems. It operates through the Automotive and Energy Generation and Storage segments. The Automotive segment includes the design, development, manufacture, sale, and lease of electric vehicles as well as sales of automotive regulatory credits. The Energy Generation and Storage segment is involved in the design, manufacture, installation, sale, and lease of solar energy generation, energy storage products, and related services and sales of solar energy systems incentives. The company was founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003 and is headquartered in Austin, TX.

Tesla Inc

Teslas Q3 results and outlook are driving discussion: an adjusted-earnings beat was offset by softer revenue and auto trends, weaker profitability, and heavy AI and robotics spending. Traders are split between optimism about autonomy and roboticsand speculation about a possible SpaceX mergerand concern that current results do not support the valuation; a merger remains uncertain.

Meta Platforms, Inc. engages in the development of social media applications. It builds technology that helps people connect and share, find communities, and grow businesses. It operates through the Family of Apps (FoA) and Reality Labs (RL) segments. The FoA segment consists of Facebook, Instagram, Messenger, WhatsApp, and other services. The RL segment includes augmented, mixed and virtual reality related consumer hardware, software, and content. The company was founded by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004, and is headquartered in Menlo Park, CA.

Meta Platforms Inc - Ordinary Shares - Class A

Meta Platforms Inc

Metas quarterly results drove attention, with revenue and advertising strength offset by an EPS hit from a legal charge, higher AI spending plans, negative free cash flow and a new non-voting share class. Traders debated whether the ad growth and AI investment justified the spending, while the initial post-earnings pop faded amid dilution concerns and the separate New Mexico privacy judgment.

International Business Machines Corp. is an information technology company, which engages in the provision of integrated solutions that leverage information technology and knowledge of business processes. It operates through the following segments: Software, Consulting, Infrastructure, Financing, and Other. The Software segment combines hybrid cloud platform and software solutions to help clients become more data-driven, and to automate, secure, and modernize their environments. The Consulting segment focuses on integrating skills on strategy, experience, technology and operations by domain and industry. The Infrastructure segment offers solutions for hybrid cloud and is the foundation of the hybrid cloud stack. Infrastructure is optimized for infusing AI into mission-critical transactions and tightly integrated with IBM Software including Red Hat for accelerated hybrid cloud benefits. The Financing segment refers to the client and commercial financing, facilitating IBM clients’ acquisition of IT systems, software, and services. The company was founded by Charles Ranlett Flint and Thomas J. Watson Sr. on June 16, 1911 and is headquartered in Armonk, NY.

International Business Machines Corp.

IBMs quarterly results beat expectations, led by software growth and a higher free-cash-flow outlook, while full-year revenue guidance stayed unchanged and consulting remained flat. Traders are split over the fundamentals and the sharp post-earnings reversal, with some viewing it as a sell-the-news move and others focusing on the software strength.

Strategy, Inc. engages in the development of fixed-income instruments that provide investors varying degrees of economic exposure to bitcoin. It executes bitcoin acquisition, capital management, and capital markets strategies. The company was founded by Michael J. Saylor and Sanjeev K. Bansal on November 17, 1989, and is headquartered in Tysons Corner, VA.

Strategy Inc. - Ordinary Shares - Class A

Strategy

Bitcoins rebound is driving renewed interest in Strategy, which traders view as a high-beta Bitcoin proxy; bullish posts point to a potential short squeeze, while bears cite Bitcoins volatility, shareholder dilution and possible MSCI index exclusion as risks. The index-exclusion discussion remains a concern under debate, not a confirmed removal.

Lam Research Corp. engages in the design, manufacture, marketing, refurbishment, and provision of semiconductor processing equipment used in the fabrication of integrated circuits. It operates through the following geographical segments: United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan. The company was founded by David K. Lam in 1980 and is headquartered in Fremont, CA.

Lam Research Corp.

Lam Researchs earnings beat and record results were followed by a selloff as its outlook and managements comments on cleanroom capacity and supply-chain constraints failed to satisfy high expectations. Traders are divided between viewing the pullback as an overreaction to temporary delivery bottlenecks and worrying that demand or growth may be peaking.

Broadcom Inc. is a global technology company, which designs, develops, and supplies semiconductors and infrastructure software solutions. It operates through the Semiconductor Solutions and Infrastructure Software segments. The Semiconductor Solutions segment refers to product lines and intellectual property licensing. The Infrastructure Software segment relates to mainframe, distributed and cyber security solutions, and fibre channel storage area networking business. The company was founded in 1961 and is headquartered in Palo Alto, CA.

Broadcom Inc

A sharp AI/semiconductor selloff and Broadcoms continued underperformance are driving discussion, with traders pointing to concerns about AI spending returns, financing risks, and CEO Hock Tans remarks characterizing AI investing as gambling. Bulls view the decline and lower valuation as a buying opportunity, while bears see the weakness as a sign that AI enthusiasm may be fading.

AEVEX Corp. operates as a holding company. It operates through Tactical Systems and Global Solutions segments. The Tactical Systems segment focuses on design, development, and production of autonomous systems including unmanned aerial systems and unmanned surface vessels. The Global Solutions segment offers services and mission support to defense and intelligence customers. The company was founded in 2017 and is headquartered in Solana Beach, CA.

AEVEX Corp. - Ordinary Shares - Class A

AEVEX Corp

Reports that the U.S. Navy will make no further purchases of AEVEXs GARC drone boats have driven a sharp selloff, with traders questioning the programs performance and the impact on the BlackSea acquisition. The community is divided: some view the procurement decision as a major contract setback, while others point to AEVEXs claim that planned deliveries were completed and work continues on upgrades under the existing contract.

Six Flags Entertainment Corp. engages in operating amusement parks in North America. It operates amusement parks, water parks, and resorts. The company is headquartered in Charlotte, NC.

Six Flags Entertainment Corp.

Six Flags Entertainment Corp

Six Flags is under pressure after Mizuho cut its price target and reiterated a bearish rating, adding to concerns about the companys heavy debt and the fallout from a fatal ride accident. Traders are split between bankruptcy fears and views that the selloff could set up a rebound or short squeeze.

Alphabet, Inc. is a holding company, which engages in software, health care, transportation, and other technologies. It operates through the following segments: Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services, such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment refers to infrastructure and platform services, collaboration tools, and other services for enterprise customers. The Other Bets segment relates to the sale of healthcare-related services and internet services. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.

Alphabet Inc - Ordinary Shares - Class C

Alphabet shares are drawing attention amid a selloff ahead of earnings, with traders debating whether rising AI infrastructure spending will pay off and whether AI competition threatens Search; claims that capex will double remain speculation. Bulls point to Cloud and Gemini growth and are buying dips, while bears worry about spending returns and continued weakness.

Rapport Therapeutics, Inc. engages in the discovery and development of transformational small molecule medicines for patients suffering from central nervous system disorders. It develops the RAP (receptor associated proteins) technology platform. The company was founded by Steven M. Paul and David Bredt in February 2022 and is headquartered in Boston, MA.

Rapport Therapeutics Inc.

Rapport Therapeutics Inc

Rapports Phase 2 RAP-219 study in acute bipolar mania met its primary and secondary endpoints, but traders are debating whether the modest efficacy signal and safety-related discontinuations offset the positive readout as the stock reverses sharply. Bulls cite the drugs broader pipeline, while skeptics point to the trials limitations and some traders attribute the decline to short pressure or sell-the-news trading.

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Why Are MU, SNDK Stocks Surging In Overnight Trading?

Equity

According to a preliminary list released by FTSE Russell on Friday, Micron and SanDisk will be added to the Russell 1000 Growth Index.


Neutral Sentiment

<ul class="summary-bullets"><li>MU stock was up 4.4%, while SNDK stock rose 3%.</li><li>Alphabet and Advanced Micro Devices were among the biggest names slated for removal from the Russell 1000 Value Index.</li><li>Retail sentiment was ‘neutral’ for MU and ‘bearish’ for SNDK.</li></ul>Micron Technology and SanDisk stocks rose in overnight trading ahead of Tuesday, after FTSE Russel moved the widely-tracked memory chip stocks from a value index to a growth index.MU was up 4.4%, while SNDK was up 3%. Shares of WDC and STX also gained, rising about 1.7%.&nbsp;FTSE Russell announced a preliminary list of changes to its indexes on Friday after the market closed. Micron and SanDisk are proposed for removal from the Russell 1000 Value Index and addition to the Growth index, driven by sharp rallies amid high demand for memory chips and AI-related momentum.Google parent Alphabet and Advanced Micro Devices are set to be removed from the Russell 1000 Value Index, while Apple and Microsoft will join the index.The list released on Friday remains preliminary and will be finalized on June 18, ahead of the index reconstitution, which takes&nbsp;effect on June 29.<h2 class="st-heading-2">Growth Classification A Boost</h2>The classification is significant because hundreds of institutional investors, including exchange-traded funds (ETFs) and mutual funds, base their portfolio allocations on these index classifications. As a result, any rebalancing can trigger large shifts in fund holdings, potentially triggering moves in the stocks in question.The Russell 1000 Index tracks the 1,000 largest publicly traded U.S. companies and represents the vast majority of the U.S. stock market’s total value, making it a key benchmark for large-cap investing.A breakneck pace of AI data center buildout has&nbsp;driven incredible demand for memory components and chips, leading to shortages and price hikes. Major producers have seen significant growth in their businesses over the last year, with their stocks growing severalfold, and analysts expect&nbsp;favorable market dynamics to persist over the next few years.<h2 class="st-heading-2">MU, SNDK Stock Move, Recent Catalysts</h2><a href="https://stocktwits.com/symbol/SNDK">SanDisk shares</a> have gained a staggering 523% year to date, while&nbsp;<a href="https://stocktwits.com/symbol/MU">Micron shares</a> are up 163%. The&nbsp;<a href="https://stocktwits.com/symbol/DRAM">Roundhill Memory ETF (DRAM)</a>, a newly launched fund that tracks U.S. and Korean memory stocks, including Samsung and SK Hynix, has gained 84% since its launch on April 2.Last week, sentiment in the sector improved after Nvidia’s earnings beat, which confirmed that AI chip demand remains strong, and Samsung&nbsp;signed a preliminary&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/ai-memory-plays-mu-sndk-stx-wdc-jump-overnight-nvidia-earnings-beat-samsung-strike-pause-are-the-catalysts/cZXzqN3RenC">deal</a> with workers to avoid a major strike that could have disrupted the global chip supply chain.&nbsp;Meanwhile, Micron&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/micron-starts-making-1-alpha-dram-chips-in-the-us-says-it-will-strengthen-america-s-domestic-memory-supply/cZgRhTCReox">said</a> on Friday it would invest more than $2 billion to expand and modernize its memory chip manufacturing facility in Manassas, Virginia, and has started production of its 1α DRAM chip, which it described as the most advanced memory chip ever manufactured in the U.S.<h2 class="st-heading-2">Retail Cautious After Sharp Runup</h2>Despite strong business forecasts, the sharp run-up in memory stocks has left investors questioning how much upside remains. As a result, retail traders have stayed cautious. On Stocktwits, retail sentiment was “neutral” on MU and “bearish” on SNDK and DRAM as of late Monday.“$MU is showing strong overnight momentum, up ~4.5% in after-hours flow, with traders rotating back into semis on renewed attention after recent macro commentary tied to the name,” a trader&nbsp;<a href="https://stocktwits.com/FibonacciTrader_/message/654327224">wrote</a>.“Key question for tomorrow is follow-through vs fade. If premarket strength holds and volume confirms at the open, a 10%+ intraday extension isn’t off the table in a momentum tape, but it still needs participation, not just gap strength,” they said.Monday was a market holiday&nbsp;in observance of Memorial Day.For updates and corrections, email newsroom[at]stocktwits[dot]com.&nbsp;

A smartphone displays the logo of Micron Technology Inc. (Photo illustration by Cheng Xin/Getty Images)

According to a preliminary list released by FTSE Russell on Friday, Micron and SanDisk will be added to the Russell 1000 Growth Index.

Roundhill ETF Trust - Roundhill Memory ETF

Micron Technology Inc

Sandisk Corp

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Fed decision day is here - Kevin Warsh chairs his first FOMC meeting with markets pricing a hold at 3.50%-3.75% but watching for a hawkish shift. Vote on what you expect to be decided today, then drop your prediction for the first rate cut or hike in the comments.

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