Memory Chip Stocks Rally With SanDisk up 7%, Seagate up 4%

TradingKey - On Wednesday (September 23) Eastern Time, futures tied to the three major U.S. stock indexes edged up in pre-market trading. Diplomatic mediation in the Middle East and the restoration of a key Saudi oil pipeline kept international oil prices below $100 per barrel, temporarily easing energy inflation concerns. Meanwhile, investors are awaiting the summit between Chinese and U.S. leaders and the preliminary U.S. September PMI data, while a strengthening U.S. dollar and the risk of further Federal Reserve rate hikes continue to cap market gains.

TradingKey - Qualcomm (QCOM) unveiled the next-generation Snapdragon 8 Elite Gen 6 mobile platform at the 2026 Snapdragon Summit and introduced a higher-performance Extreme version.

TradingKey - On September 23, South Korean stocks moved higher in early trading, with semiconductor shares performing actively. The Korea Composite Stock Price Index (KOSPI) opened 1.94% higher at 7,153.99 points, before narrowing its gain to 1.37% to trade at 7,113.74 points. Japanese stock markets are closed today for the Autumnal Equinox Day holiday.

TradingKey - Meta Platforms (META) will host its annual developer conference, Meta Connect 2026, in Menlo Park, California, from September 23 to 24. CEO Mark Zuckerberg will deliver the keynote address on September 23 at 4:00 PM PT, with developer-focused sessions taking place the following day.

Meta Platforms (META) will hold its annual product event, Meta Connect 2026, from September 23 to 24 local time. As the company expands the focus of Connect from VR to AI, AR, smart glasses, and the metaverse, the market expects this year's conference to highlight hardware iterations and advancements in its AI strategy.