Oil Skyrockets; Memory Chips Up; AI Rallying
On this episode of Stock Movers:
Oil - US oil stocks jumped in premarket trading on Monday after President Donald Trump pledged to revive the Venezuelan energy sector following the capture of Nicolás Maduro over the weekend. Chevron Corp., the only American oil major currently operating in the South American nation under special US permission, gained as much as 10%. ConocoPhillips and Exxon Mobil Corp. also rose
Memory Chips - Memory and semiconductor equipment stocks are among the strongest gainers in both Europe and the US premarket session amid continued optimism over the rollout of AI. Among memory stocks: Micron +3.7%, Sandisk +4.6%, Seagate +2.6%, Western Digital +3.4%
AI - The MSCI Emerging Markets Index rose 1.2% as of 7:51 a.m. London time on Monday, set for a record close and also marking the best start to a year since 2018. Developing-nation stocks have started 2026 on a bullish footing following their largest annual advance in eight years and their first outperformance versus US peers over that period in 2025.
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