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Premarket Movers | US Stock Futures Tick Higher, Oracle Tumbles, Semiconductors, Memory Chips And Space Stocks Rally

Tiger Newspress16:26

US stock index futures ticked higher in pre-market trading on Thursday, June 11.

Oracle (ORCL): Oracle shares tumbled over 9% pre-market, fueled by market anxieties over higher-than-expected capital expenditure (CapEx) and the company's new financing plans.

Semiconductors: The chip sector notched broad gains before the bell. SUPER MICRO COMPUTER INC surged over 6%, while ASML and ARM both climbed more than 3%. Intel, AMD, Taiwan Semiconductor Manufacturing, Marvell Technology, and Qualcomm all advanced over 2%.

Memory Chips: Storage-related stocks rebounded in early trading. SanDisk Corp. jumped over 5%, Micron Technology rallied more than 4%, Western Digital gained over 3%, and Seagate Technology PLC rose over 2%.

Space Stocks: Space exploration equities rallied strongly across the board pre-market. Destiny Tech100 (DXYZ) soared over 10%. Rocket Lab USA, Inc., AST SpaceMobile, Inc., and Intuitive Machines all spiked over 5%, while Sidus Space Inc. added over 4%.

Optical Communications: Optical fiber and networking concepts broadly advanced pre-market. Credo Technology Group Holding Ltd gained over 4%. POET Technologies Inc and Astera Labs, Inc. both pushed over 3% higher, while Corning and Lumentum ticked up over 2%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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