Stock Movers: Tesla Rallies Ahead of Earnings, ASML Surges on AI Chip Demand, Rick Perry's REIT Soars

Tesla's Pre-Earnings Rally

• ⚡ Tesla's shares are rising in pre-market trading ahead of the Q3 delivery report.
• 📊 Analysts estimate just under 440,000 vehicles delivered, a 5% drop year-over-year but an improvement from the first half of 2025.
• 📈 Despite recent dips, Tesla shares have doubled from their lows earlier in the year and are nearing record levels.

ASML and the AI Chip Boom

• 🚀 ASML's American Depositary Receipts (ADRs) are up over 3%, driven by the AI trade.
• 💡 The European firm manufactures crucial chip-making machines, with its top machine capable of printing intricate details.
• 🤝 ASML is benefiting from OpenAI's agreement with Samsung and SK Hynix for special memory chips, highlighting massive demand for AI infrastructure.
• 🌊 Companies like Nvidia and Western Digital are also riding this wave of AI-driven growth.

Fermi REIT's Soaring Debut

• 📈 Fermi (FRMI), a real estate investment trust, is experiencing significant gains, up another 12% after a 50% surge on its debut.
• 🏢 The REIT leases over 5,000 acres in Texas, aiming to attract data centers and hyperscale tenants.
• ⚡ Fermi plans to provide the necessary energy for these data centers, capitalizing on the AI boom.
• 🤝 Co-founded by Rick Perry, former US Secretary of Energy and Texas Governor, the company leverages his expertise in energy and the region.