By WSJ Staff
Micron $(MU)$: The memory-chip maker's revenue jumped 46% last quarter, driven by demand from artificial-intelligence developers. Its outlook for this quarter also topped forecasts. Shares rose roughly 2% in premarket trading.
Kenvue $(KVUE)$: Shares of the Tylenol maker looked poised to build on Tuesday's gains. They hit a record low on Monday after President Trump said the painkiller's active ingredient might cause autism.
Alibaba (HK: 9988, BABA): The Chinese tech giant's shares jumped 9% in Hong Kong after it unveiled plans to boost investment in AI to more than $53 billion. Its U.S.-listed shares also looked set for a sharp rise Wednesday.
General Motors $(GM)$ and Lithium Americas (LAC): The U.S. is negotiating, according to a media report, for a stake of up to 10% in Lithium Americas, which is developing a mine with GM. Shares of GM rose 3% premarket, while Lithium Americas shot up by three-quarters.
Saab (SE:SAAB.B), Leonardo (IT:LDO), Rheinmetall (XE:RHM): European defense stocks rose after President Trump on Tuesday raised pressure on Russian President Vladimir Putin and committed to providing more weapons to Europe's NATO members.
Cintas Corp $(CTAS)$ is expected to report earnings on Wednesday.
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(END) Dow Jones Newswires
September 24, 2025 04:58 ET (08:58 GMT)
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