24H | CBRS Plunged More Than 17%, Cisco Dropped Nearly 4%, And LUNR Rose Over 1%

US Overnight08:09

Dow Futures fell 0.04%, S&P 500 Futures rose 0.01%, Nasdaq Futures rose 0.02%, as sentiment leaned cautiously optimistic.

Intuitive Machines (LUNR) rose 1.18%. The move followed a director's filing disclosing the sale of 267,448 shares for $4.33 million.

Micron Technology (MU) gained 0.91%. Notable options activity included a $13.06 million sale of Nov. 20, 2026 $1,300 and $1,350 calls.

Cerebras Systems (CBRS) tumbled 17.25%. Shares fell after Q2 revenue was $180.11 million versus $194.23 million expected, while full-year revenue and margin guidance were raised.

Cisco slid 3.86%. The stock reversed despite an 18% Q4 revenue increase to $17.3 billion and FY2027 revenue guidance of $72.2 to $73.4 billion, as investors questioned AI order durability.

Chip stocks rose, with Direxion Daily Semiconductors Bull 3x Shares (SOXL) rising 1.65%, Marvell Technology (MRVL) rising 1.61%, STMicroelectronics NV (STM) rising 1.13%, Applied Materials (AMAT) rising 1.04%.

Memory chip stocks rose, with SanDisk Corp. rising 2.04%, Roundhill Memory ETF (DRAM) rising 1.5%.

Among other individual movers, Ondas Holdings Inc. (ONDS) climbed 2.76%.

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