Check out the companies making the biggest moves premarket: Memory stocks — Shares rose broadly after chipmaker CXMT made its public market debut in Shanghai , with its stock skyrocketing more than 466%. The momentum carried over into U.S.-listed memory names. SK Hynix climbed 4.7%, while SanDisk advanced 3.6%. Micron Technology advanced 2.5%. Energy stocks — The group followed oil prices lower, after the U.S. and Iran agreed to pause attacks against each other , for now. Chevron and ExxonMobil were down 2.7% and 3.2%, respectively. APA , Devon Energy and Diamondback Energy all fell around 4%. Forte Biosciences — The biotech stock rallied more than 39% on news it will be acquired by Netherlands-headquartered Argenx for $2.2 billion in cash, or $77 per share. The deal, expected to close in the third quarter, represents a premium of 40% from Forte’s close of $54.78 on Friday. U.S.-listed shares of Argenx were down marginally in the premarket. Baker Hughes — Shares were up nearly 2.2% in premarket trading after Baker Hughes reported better-than-expected earnings and revenue for the second quarter. CEO Lorenzo Simonelli said in a statement that the company also expects to reach the midpoint of its full-year guidance thanks to “favorable underlying fundamentals … as we continue to manage through the Middle East uncertainty.” Amkor Technology — Shares were up over 2.4% as the semiconductor packaging and testing provider gets set to report -quarterly figures after the bell. D-Wave Quantum — The company it announced a partnership with AT & T on Monday with plans to use its annealing quantum computers to bolster the telecom giant’s AI efforts. D-Wave shares were up more than 7%. Quantum stocks such as IonQ rose nearly 4.5% and Rigetti Computing gained 3.8%. —CNBC’s Fred Imbert contributed reporting
Stocks making the biggest moves premarket: MU, FBRX, XOM, BKR
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