Stocks to Watch: Sk Hynix, Chip Stocks, Kering, SpaceX -- WSJ

By Joe Stonor

SK hynix (SKHY); (SK:000660): The Korean chip maker pulled the plug on plans to list its memory-chip unit in the U.S. as cracks appear in the AI trade. Shares initially slid in Seoul before recovering later in the session.

Micron Technology (MU), Intel (INTC), CoreWeave (CRWV): AI-related stocks staged a cautious recovery premarket after yesterday's selloff.

Western Digital (WDC): The maker of hard disk drives reported higher quarterly profit and revenue after the bell yesterday, helped by demand tied to AI. Still, the stock slipped premarket.

SpaceX (SPCX): Shares gained premarket after Bloomberg reported the company is looking to secure at least 80,000 cell sites across the U.S. as part of its efforts to build a wireless carrier. Telecoms majors slid premarket at the prospect of increased competition, with AT&T (T) and Verizon (VZ) both falling by more than 3%.

Kering (FR: KER): The Paris-listed stock tumbled after the Gucci owner recorded a fall in revenue amid waning demand for luxury goods.

Volvo Car (SE:VOLCAR.B): Shares in the Swedish auto maker plunged after it said it would cut around 6% of its workforce in a bid to to make savings totaling $500 million.

Moderna (MRNA): Shares fell premarket, on course to extend yesterday's plunge sparked by the appearance on social media of closely guarded details relating to a cancer-vaccine study.

Meta Platforms (META): The Facebook parent remains in focus after its hunger for capital touched a nerve on Wall Street.

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(END) Dow Jones Newswires

October 23, 2026 05:27 ET (09:27 GMT)