Pre-market hot trades in US stocks: Novo Nordisk AS pre-market up 3.66%; Micron Tech pre-market down 3.64%
Price Alert·- Novo Nordisk pre-market shares rose 3.66% after the company raised its 2026 sales and operating profit forecasts on August 5 and announced plans to accelerate early assets. - Micron Technology shares fell 3.64% amid potential DRAM market competition from ChangXin Memory Technologies and a brewing union strike in Taiwan, despite strong AI demand and a reaffirmed buy rating. - SurgePays surged 61.59% following a new wireless distribution partnership and positive market expectations ahead of its second quarter 2026 earnings report.CN Mutual Funds Cut Consumer Stocks Sharply in 2Q, Rotate Into AI-Related Shares
AASTOCKS News·- Mainland China's public mutual funds notably adjusted their portfolios in the second quarter, favoring AI-related shares over consumer stocks. - Significant shifts included E Fund Blue Chip Selected Mixed Fund reducing its holdings in Chinese Baijiu stocks from 30% to 13%, while increasing investment in AI stocks like SMIC and DONGSHAN PRECISION. - IGW Core Competence Mixed Securities Fund also replaced prior holdings with AI concept stocks such as ZHONGJI INNOLIGHT and PIOTECH in its top 10 holdings.