Today's Pre-Market Movers and Top Ratings | MSTR, SMCI, AMAT and More

$MicroStrategy (MSTR.US)$ shares jumped more than 4%, extending the roughly 10% gain seen in the previous session, after the cryptocurrency's price continued to climb. The stock has seen massive gains this year, surging more than 515%.

Chip equipment stocks increased following a report that the Biden administration may impose less stringent restrictions than anticipated on semiconductor equipment and AI memory chip sales to China. According to the report by Bloomberg, which cited unnamed sources familiar with the matter, shares of U.S.-based companies $Applied Materials (AMAT.US)$, $Lam Research (LRCX.US)$, and $KLA Corp (KLAC.US)$ rose between 1.3% and 2.2%. Dutch equipment maker $ASML Holding (ASML.US)$ also saw a 1.5% increase in its shares.

Retail stocks saw modest gains as Black Friday shopping commenced. $Walmart (WMT.US)$, the nation’s largest retailer, experienced a rise of over 0.2% in its shares. Meanwhile, shares of $Target (TGT.US)$ and $Costco (COST.US)$ also increased, advancing 0.6% and 0.3%, respectively.

$Robinhood (HOOD.US)$ – Shares of the brokerage firm increased by 2% in premarket trading, maintaining momentum from a post-election rally. This uptick followed the SEC's approval of a new 24-hour stock exchange by startup 24 Exchange, allowing round-the-clock trading. Robinhood's shares surged 58% in November alone to a record high. The firm, known for offering crypto trading, is anticipated to greatly benefit from the deregulatory agenda of the incoming Trump administration.

$Super Micro Computer (SMCI.US)$'s stock fell by 5% in premarket trading. The big moves in the shares come amid the ongoing threat of Super Micro being delisted from the Nasdaq.