Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching on Tuesday and what’s on the radar for Wednesday’s session. AI trade cools off The Dow Jones Industrial Average , S & P 500 , Nasdaq and Russell 2000 pulled back from record levels today. One possible reason? Federal Reserve Chair Jerome Powell said stock prices appear “fairly highly valued.” Powell also signaled that the rate-cutting path wasn’t clear and that it was a “challenging situation.” CNBC’s Mike Santoli noted investors are taking profits in Nvidia and Oracle amid scrutiny over potential overcapacity. While the cap-weighted S & P 500 finished lower, the equal-weighted S & P 500 eked out a gain. Gold prices hit another record high after Powell raised concern over the state of the U.S. economy. Power grab The Trump administration is reportedly seeking up to a 10% equity stake in Lithium Americas as part of ongoing loan discussions. At one point, Lithium Americas shares surged nearly 90% on the news in extended trading. Before the news, shares were up 3% in 2025. Albemarle is also higher in after-hours trading. Albemarle’s stock is down nearly 7% year to date. Investors cheer Micron’s earnings Micron shares spiked in extended trading after the company’s revenue rose 46% year-over-year. Micron is on track for its best monthly performance since Dec. 2009. Shares have almost doubled in value this year. Don’t miss “Squawk on the Street” tomorrow for an exclusive interview with Micron CEO Sanjay Mehrotra. MU YTD mountain Micron shares year to date ‘Jimmy Kimmel Live!’ blackout Nexstar follows Sinclair in blocking ABC affiliates from airing Jimmy Kimmel’s return Tuesday night. Nexstar is one the largest owners of broadcast TV stations. Despite finishing the day about flat, Nexstar is down about 3% this week. Sinclair shares jumped 3% today, putting its stock up 4% week to date. Meanwhile, Disney closed the day slightly in the red, after raising prices for streaming packages . Meme-like moves in media Paramount Skydance climbed 6% on very little news. The stock is up 34% in September, pacing for its best month since Jan. 2023, when it climbed 37.20%. Warner Bros. Discovery is trading at levels not seen since April 2022. For context, Paramount Skydance is preparing a bid for Warner Bros. Discovery. Meanwhile, both Fox Corp. and News Corp . shares are trading at all-time highs. KB Home sweet home KB Home reports earnings after the bell Wednesday. The homebuilder is on track to snap a 3-month win streak. Last month, the stock posted its best monthly performance since July 2024. The stock is trading 30% below its all-time high, set in September 2024. KBH YTD mountain KB Home shares year to date. Opendoor gets slammed Opendoor has erased a quarter of its value this week — pacing for its worst week since Aug. 2024. On Monday, investment firm Access Industries revealed it sold more than 11.36 million Opendoor shares. The stock is up more than 340% this year. Staying plugged in Plug Power’s nine-day winning streak may be over, but the stock is still up 79% over that stretch. Strangely, there’s little fundamental news moving the stock. Year to date, Plug Power’s stock is up about 19%.
