Micron Technology $(MU)$: The memory-chip maker said revenue quadrupled in the second quarter and that it expects the chip shortage to extend beyond 2027. Shares surged 17% premarket.

Sandisk $(SNDK)$, Western Digital $(WDC)$, Qualcomm $(QCOM)$: Memory makers and other stocks tied to the AI buildout also rallied ahead of the bell. Sandisk was among the biggest gainers, rising more than 12%.

Wendy's $(WEN)$: Shares of the fast-food chain jumped premarket, on pace to extend yesterday's 26% gain. The stock has benefited from a burst of attention from retail traders, who have rallied behind the stock on social media.

Volkswagen (XE:VOW3): The German automaker is selling a 51% stake in engine subsidiary Everllence to Bain Capital as it seeks to streamline its investment portfolio. Shares gained nearly 3%.