U.S. Stocks to Watch: Carnival, Nvidia, Micron, United Airlines, Super Micro, and More

Dow Jones04-08 19:10

US Stocks were rising sharply on Wednesday as markets welcomed a two-week cease-fire agreement between the U.S. and Iran.

These stocks were making moves:

Nvidia was gaining 3.8% in premarket trading. The chip maker was participating in a semiconductor sector rally as worries were relieved about potential disruption to the chip supply chain from conflict in the Middle East. Memory-chip company Micron Technology was gaining 10%.

Carnival was up 10% in the premarket as the cruise company led a rally among travel stocks, which have been burdened by rising fuel costs. Norwegian Cruise Line was up 9.2% and United Airlines was gaining 12%. Delta Air Lines was up 13% after it beat earnings expectations in the first quarter.

Oil stocks were suffering in premarket trading. Exxon Mobil slumped 5.3%, Chevron fell 4.6%, while Occidental Petroleum was down 7.5%. Oil exploration company APA was 9.2% lower, while Diamondback Energy lost 7.5% and Devon Energy was 6.4% down.

Super Micro Computer was up 5.3% in the premarket. The server maker has outlined how it will investigate the alleged chip smuggling scandal that has engulfed the company.

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