US PRE-MARKET MOVERS: Mag-7, SKHY, MGM, SHOP, Samsung
US pre-markets reflect volatility driven by Apple's lawsuit against OpenAI, SK Hynix earnings worries, and a $12.4B bid for MGM, while Samsung secures a Tesla AI chip production role.
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ES -0.4% NQ -1% RTY -0.3% Mag-7: MSFT +0.6% AAPL +0.2% AMZN -0.1% GOOGL -0.4% META -0.7% TSLA -0.9% NVDA -1.5% AAPL sued OpenAI & two former employees for alleged trade secrets theft SKHY -9.5%: Seoul-listed shares tumbled by more than 15% overnight amid earnings concerns; weighing on broader tech MGM +3%: Negotiating a potential deal w/ Barry Diller’s People after receiving a takeover offer SHOP +3.3%: Upgraded at Jefferies Samsung Electronics begun preparations to manufacture Tesla’s AI5 chip using its 2nm process at its Texas plant
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