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SK hynix Inc (SKHY)

0.00%

The South Korean memory giant is expected to make its US trading debut on Friday, July 10. The IPO, which Reuters reports was seven times oversubscribed, involves the offering of 177.9 American depository receipts (representing 17.79 million shares of common stock). SK hynix raised 26.5 billion in the offering, pricing each of the ADRs at $149 per share. Stocks in the wider semiconductor and memory space are trading lower premarket ahead of SK hynix’s US debut.

Circle Internet Group Inc (CRCL)

+10.90%

Gapping up after receiving final approval from the Office of the Comptroller of the Currency (OCC) to establish Circle National Trust, a federally regulated national trust bank. The new entity will provide digital asset custody for Circle and its affiliates, with plans to potentially expand services to select institutional clients and manage USDC reserves in the future.

Crypto Stocks

+5.05%

Trading sharply higher as a group in tandem with strength in Bitcoin. The cryptocurrency opened around $63,200 on Friday and is trading around the $64,400 level as of 7:15 AM ET, taking out the prior-week high. Separately, Coinbase Chief Legal Officer Paul Grewal is stepping down effective immediately after six years, with Vice President of Legal Molly Abraham succeeding him as general counsel. The company also appointed Vice President of Legal Ryan VanGrack as its first vice chair and head of corporate affairs as part of the leadership transition.

COIN, MSTR, MARA, RIOT, IBIT, ETHE, HUT, CLSK, IREN, CAN, HIVE

Delta Air Lines Inc (DAL)

-2.11%

Trading lower premarket following its Q2 2026 earnings report. Revenue grew by 14% year-over-year to $17.7 billion, beating estimates of $17.52 billion; adjusted earnings of $1.56 per share similarly beat estimates of $1.48 but represented a 26% year-over-year decline. The company affirmed its previously-issued FY 2026 adjusted EPS outlook of $6.50 to $7.50, compared to estimates of $6.07. Delate projected Q3 2026 EPS between $2.00 and $2.50, compared to estimates of $2.07.

Oil and Energy Stocks

+0.67%

The International Energy Agency (IEA) said on Friday morning that it expects global oil demand to decline by 1 million barrels per day in 2026 as the Iran conflict disrupts Middle East production and exports. This would mark the first annual drop since the COVID-19 pandemic in 2020. The outlook assumes a ceasefire and reopening of the Strait of Hormuz, but renewed tensions and slowed shipping activity create risks for further supply disruptions. Separately, Iranian state media reported that the secretary of Iran’s Supreme National Security Council said that “attacks on infrastructure will be met with retaliation”.

USO, OXY, XOM, CVX, DVN, COP

Alphabet, Amazon, Oracle, and Microsoft

+0.24%

The UK designated all four companies as critical third parties, placing their cloud operations under direct regulatory oversight to strengthen the resilience of the financial system. The move reflects growing reliance on cloud providers by banks and insurers, as well as resultant concerns about widespread disruptions. The new oversight takes effect on July 13.

GOOGL, AMZN, ORCL, MSFT

Advanced Micro Devices Inc (AMD)

-0.65%

Stifel raised the company’s price target to $635 from $450 while maintaining a Buy rating, citing EPYC’s growing role as a winner in the AI infrastructure market. The firm expects the server CPU market to exceed $120 billion by 2030, driven by strong growth, AMD’s MI450/Helios platforms, major AI infrastructure commitments from OpenAI and Meta, and future MI500 products.

Netflix Inc (NFLX)

+0.04%

The Wall Street Journal reported that the company is exploring live TV-style channels, streaming bundles, and more event-based sports content, including potential bids for the 2030 and 2034 World Cup, as subscriber engagement growth slows. Netflix’s TV viewership share fell to 7.8% in April, while its advertising business generated about $1.5 billion last year and is expected to double this year.

Shopify Inc (SHOP)

+2.30%

Trading higher premarket after Stifel upgraded the stock to Buy and raised its price target to $150 from $110, citing continued market share gains across e-commerce, enterprise, B2B, payments, and emerging agentic commerce opportunities. The firm sees a realistic path to 30%+ revenue growth in 2026 and believes the recent stock pullback creates an attractive entry point for a high-quality long-term growth company.

Vodafone Group PLC (VOD)

+12.76%

The company’s US-listed shares are gapping up after French billionaire Xavier Niel acquired a 16% stake in the telecom company valued at roughly $6 billion. The investment makes Niel Vodafone’s largest shareholder.

Fermi Inc (FRMI)

-15.98%

Gapping down after the company announced a $350 million private offering of convertible senior notes due in 2031. The financing move raised concerns among investors about potential dilution and capital needs.

Global Mofy AI Ltd (GMM)

+133.52%

The Chinese tech play, which underwent a 1-for-50 reverse split on June 11, is trading sharply higher premarket. The company has a market capitalization of $3.61 million and a float of 1.68 million shares, approximately 24% of which are sold short.