Some stocks are making moves in the premarket: MicroStrategy – Shares of the bitcoin development company jumped more than 5%, extending the roughly 10% gain seen in the previous session, after the price of the cryptocurrency continued to climb. The stock has seen massive gains this year, surging more than 515%.
Chip equipment stocks – Shares of chip equipment stocks moved higher on a report that the Biden administration is considering more restrictions on sales of semiconductor equipment and AI memory chips to China that may be less strict than expected. Shares of U.S.-based companies Applied Materials , Lam Research and KLA Corp were rose between 1.3% and 2.2%, while Dutch equipment maker ASML gained 1.5% following the Bloomberg report, which cited unnamed people familiar with the matter.