MUNASDAQ

Memory and AI-related stocks rose in premarket trading Wednesday after SK Hynix (SKHY) reported a record quarterly profit that sharply beat estimates and announced more than $25B in dividends and share buybacks.

SK Hynix shares surged 10.8% in South Korea and

Micron Technology (MU) and Nvidia (NVDA) alone account for 36% of expected S&P 500 (SP500) earnings growth in the third quarter, according to Scott Rubner, head of Equity and Equity Derivatives Strategy at Citadel Securities.

Consensus entered Q3 reporting looking