TLDR
- Intel and Micron both rose Monday, building on record highs set Thursday
- Getty Images surged 179% after announcing a multi-year display partnership with OpenAI
- Apogee Therapeutics jumped over 50% on reports AbbVie is in talks to acquire it for around $11 billion
- SpaceX fell 3.7%, heading for a third straight day of losses
- Stock futures were mixed as investors watched U.S.-Iran peace talks in Switzerland
Intel and Micron were moving higher Monday morning, continuing a strong run after both stocks closed at all-time highs last Thursday.
Intel rose 4.4% in early trading. The stock had jumped 10.6% on Thursday after President Donald Trump announced the chipmaker had secured a manufacturing deal with Apple, pushing it to a record close of $133.99.
Micron gained more than 3%. Investors are watching the memory-chip company closely ahead of its earnings report on Wednesday, which is expected to be a key moment for the stock.
Other AI-linked hardware names also gained ground before the open. Super Micro Computer, Western Digital, Sandisk, Seagate Technology, and Corning were all higher.
Getty Images Explodes 179% on OpenAI Deal
The biggest single-stock story of the day was Getty Images, which skyrocketed 179% after announcing a multi-year partnership with OpenAI.
The deal will integrate Getty’s library of licensed visual content directly into ChatGPT’s search and discovery features. Users will see legally verified images in responses, and the agreement marks a major shift in how AI platforms source visual content.
The partnership is seen as a structural change for Getty’s business model and investors responded sharply.
Apogee Soars on AbbVie Takeover Report
Apogee Therapeutics surged more than 50%, reaching $139.38, after the Financial Times reported that AbbVie is in advanced talks to acquire the biotech firm for around $11 billion in cash.
The deal centers on Apogee’s lead drug candidate, zumilokibart, an anti-inflammatory therapy being developed as a potential rival to Dupixent, the blockbuster eczema treatment from Sanofi and Regeneron.
AbbVie rose 4.2% on the news. A completed deal would strengthen AbbVie’s pipeline in the inflammatory disease space.
Arcosa also moved higher, rising 11.5%, after reports that Irish building materials group CRH is close to buying it for more than $8 billion.
Some Big Tech Names Fell
Not every tech stock shared in the gains. SpaceX dropped 3.7% in premarket trading, putting it on course for a third consecutive day of losses.
Alphabet, Amazon, Tesla, Nvidia, and Broadcom were all lower heading into Monday’s session.
Stock futures were mixed overall as investors tracked U.S.-Iran peace talks underway in Switzerland. Mediators said the talks are making “encouraging progress,” with both sides agreeing to a 60-day roadmap toward a final treaty and steps to keep the Strait of Hormuz open for oil shipping.
Nextpower fell 2% after announcing a deal to buy Germany-based solar provider Zimmermann PV-Steel Group for up to €330 million. Investors appeared cautious about integration risks tied to the cash-and-stock transaction, which is expected to close in the second half of 2027.
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