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Gate Stocks Analysis: CLF Surges While Chip Stocks Decline
Global markets rebounded after last week's AI sell-off, with the Nasdaq leading gains. Cleveland-Cliffs ($CLF) gained 16.22% in pre-market trading, while chip stocks such as SK Hynix ($SKHY), Micron ($MU), and Amd ($AMD) declined. United Airlines, SpaceX, and Netflix are expected to report earnings after the close, with attention also on SpaceX for AI-related revenue and potential Tesla merger. Oil prices rose due to Houthi attacks on Saudi airports and Aramco facilities.