Here’s a look at some of the top stocks trending in premarket trading:

Lithium Americas (LAC) stock soared 64% in premarket trading on Wednesday after the Trump administration said it is seeking an equity stake as much as 10% in the company.

General Motors (GM) stock rose 3% before the bell on Wednesday after Citi increased its price target for the stock to $75 from $61.

Micron (MU) stock rose 1% in premarket trading on Wednesday following the release of its fourth-quarter earnings report the day prior.

Micron (MU) did its part this week contributing to the AI bullishness.

Here’s what execs said on the earnings call last night when asked about the demand outlook:

“In terms of the demand profile and what is shaping up looking ahead, certainly, the large hyperscalers are looking like they will be needing a significantly more storage capability for their AI server deployment because they have shortages on that side from the HDD segment of the market. And so the deployment of NAND SSDs and servers and data centers more broadly is going to increase in calendar 2026. So we expect, driven by that tailwind for the NAND industry conditions to start improving.”

Couple this with the $100 billion Nvidia (NVDA) and OpenAI (OPAI.PVT) deal this week, and Alibaba (BABA) saying today it would spend more than $50 billion over three years on AI models, and it’s hard to play the bear hand on AI names right now!

It has been a hot minute since markets had to worry about a government shutdown.

We have been here before, and a shutdown is usually averted last minute. That’s why the market tends to take the ordeal in stride until it absolutely can’t.

Helpful context on the latest brewing debacle from Deutsche Bank strategist Jim Reid:

“Whilst Fed speakers provided the main headlines, an important developing story has been on the potential for a US government shutdown next week. For those who haven’t been following, government funding currently runs out on September 30, unless Congress vote to authorise more spending. And even though the Republicans have a majority in both chambers of Congress, they need 60 votes in the Senate to avoid a filibuster, when they only have 53 among themselves. Meanwhile, the Democrats are calling for an extension of healthcare subsidies, so there’s an impasse as it stands. There had been a meeting planned between President Trump and the House and Senate Democratic leaders, but Trump cancelled the meeting yesterday, posting that “I have decided that no meeting with their Congressional Leaders could possibly be productive.” So that cancellation has led to a fresh bout of concern that funding will run out at next week’s deadline, and we could see the first shutdown since the winter of 2018-19. Meanwhile, Trump’s main appearance yesterday was a combative speech at the UN, as he accused the organisation of offering only “empty words” and criticised other countries’ climate and immigration policies. Trump later seemed to give his clearest support to Ukraine yet suggesting that the country is in a position to win all its territory back. So that was a change in emphasis.”

A lot has been thrown at the market this month — a month that seasonally isn’t often great from a historical perspective.

But here we are, getting bullish AI comments from Alibaba (BABA) and Nvidia (NVDA) this week and a rate cut last week!

Good point this morning from the host of the Yahoo Finance Trader Talk podcast Kenny Polcari:

“We have 5 more trading days until the end of the month and the end of the quarter. By all accounts, it has been good for both – So far, we are up 9% for the quarter and 3.7% for the month. I for one am surprised that we saw the strength this month that we saw, but there is always October!”

Two bullish calls this week on General Motors (GM) is enough to get my attention!

UBS out this morning upgrading GM to buy, citing its view of a better than expected margin outlook. I heard the same thing from an upbeat note on Monday from Citi’s Michael Ward. Tariffs still a risk to GM, but it appears to have managed the situation well from a margin standpoint.

Some of Ward’s thinking from his segment on Yahoo Finance on Monday is below. Keep an eye on Ford (F) here as well — I am headed to Detroit early next week for a CEO conference the company is holding. Could get commentary on near-term demand trends and the near-term margin outlook.