$BABA $AAOI $SNDK 📉 US pre-market is turning lower across several popular names.
Alibaba slides more than 4% after announcing plans for an HK$80B share placement. PDD is down nearly 2% ahead of its latest quarterly earnings release.
Optical communications and memory stocks are also under pressure:
🔻 AAOI nearly -13%
🔻 SanDisk over -5%
🔻 Lumentum over -4%
🔻 SK hynix & Micron nearly -4%
A weak pre-market session for tech and memory-related stocks. ⚠️
Alibaba slides more than 4% after announcing plans for an HK$80B share placement. PDD is down nearly 2% ahead of its latest quarterly earnings release.
Optical communications and memory stocks are also under pressure:
🔻 AAOI nearly -13%
🔻 SanDisk over -5%
🔻 Lumentum over -4%
🔻 SK hynix & Micron nearly -4%
A weak pre-market session for tech and memory-related stocks. ⚠️