$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:
đŸ”» AAOI nearly -13%
đŸ”» SanDisk over -5%
đŸ”» Lumentum over -4%
đŸ”» SK hynix & Micron nearly -4%

A weak pre-market session for tech and memory-related stocks. ⚠