US PRE-MARKET MOVERS: ON/SYNA, OpenAI, AAPL, NKE, AMAT

ES -0.4% NQ -1.1% RTY -0.5%

• ON -15% SYNA +3.5%: ON announced an all-stock deal to acquire SYNA for c. $7bln
• OpenAI reportedly leaning towards delaying its IPO until 2027; ARM -4.5% MRVL -4.5% AMD -4% INTC -3.7%
• AAPL +0.4%: Following Apple’s worst day in over a year on Thurs., shares see a slight rebound in pre-market trade
• NKE -0.8%: Downgraded at KeyBanc
• AMT +2%: Upgraded at RBC