Stock Movers: Storage Stocks Surge on Nvidia's Comments, Credit Bureaus Face Scrutiny

Storage Stocks Soar on Nvidia's Outlook

• 🚀 SanDisk, Western Digital, Micron, and Seagate saw significant gains, with SanDisk up 27% and Western Digital up 17%.
• 💡 These storage and memory chip companies surged following comments from Nvidia CEO Jensen Huang at CES, who highlighted an unserved market for memory and storage.
• 📈 Seagate was the top performer in the S&P 500 last year and continued its strong performance.

OneStream to Go Private

• 💰 OneStream, a financial software company with a $5.6 billion market cap, is reportedly in advanced talks to be taken private by Hg Capital.
• 🤝 The deal, potentially valued at $6.4 billion or $24 a share, could be announced as early as this week, representing a 31% premium.
• 📈 OneStream shares were up over 3% in premarket trading following the news.

Cooling System Companies Decline

• ⚠️ Train Technologies, Johnson Controls, Modine Manufacturing, and Carrier Global experienced declines in their stock prices.
• 📉 Nvidia CEO Jensen Huang's comments suggested that NextG Reuben chips could cool server racks using water without traditional chillers, raising fears about demand for cooling systems.
• 🧊 Johnson Controls fell as much as 11%, and Modine Manufacturing dropped as much as 21%.

Credit Reporting Agencies Under Fire

• ⚖️ America's largest credit reporting companies, including Equifax, TransUnion, and Experian, saw their shares fall.
• 🗣️ Federal Housing Finance Agency Director Bill Pulte publicly questioned the companies' pricing strategies, stating they are inviting significant scrutiny.
• 📈 Mortgage bankers have also reported facing another significant increase in credit reporting costs for 2026, adding to the pressure on these firms.