On this episode of Stock Movers:
- The shares of credit-reporting companies TransUnion (TRU) and Equifax (EFX) plunged in premarket trading after Fair Isaac Corp. (FICO) announced a new program giving mortgage lenders the option to calculate and distribute FICO scores directly to customers.
- Samsung Electronics and SK Hynix shares rose to their highest in years after South Korea’s largest companies forged initial agreements to supply chips to OpenAI’s Stargate project, reinforcing their lead in artificial intelligence memory. OpenAI’s Sam Altman signed a letter of intent Wednesday to enlist the two firms in his data center construction effort, a global undertaking that involves the sector’s biggest players from Nvidia (NVDA) to Oracle (ORCL). The US startup could need as many as 900,000 wafers per month as Stargate expands, the companies said.
- Stellantis (STLA) shares rally in premarket trading after the maker of Jeep SUVs reported a gain in third-quarter US deliveries, sparking optimism on the group’s turnaround prospects. Stellantis US deliveries were up 6% in the third quarter, powered by an 11% jump in Jeep deliveries, in the company’s first quarterly sales gain in more than two years.
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