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Stocks making the biggest moves premarket: Alibaba, Marvell, Sandisk, Coinbase and more

Cnbc · 🇺🇸 public United States · · 283 words · By Davis Giangiulio
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Daily briefing

What to know about Stocks making the biggest moves premarket: Alibaba, Marvell, Sandisk, Coinbase and more

Check out the companies making the biggest moves premarket: Alibaba — U.S.-listed shares of the Chinese technology company were off by 2% after the company announced it was issuing $10.2 billion of new shares to non-U.S.

Claims checked 19
Techniques found 0
Topics 0

Coverage spectrum

Coverage gap: Low Left coverage
Left0%
Center100%
Right0%

5 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Check out the companies making the biggest moves premarket: Alibaba — U.S.-listed shares of the Chinese technology company were off by 2% after the company announced it was issuing $10.2 billion of new shares to non-U.S.

Why it matters

Alibaba said all of the money it raises will be used to fund its AI projects, particularly on its AI infrastructure.

Common ground

Chipmakers — After falling 5.5% last week, the iShares Semiconductor ETF (SOXX) was down almost 2% on Monday.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

open_in_new Read the original article: https://www.cnbc.com/2026/08/24/stocks-making-the-biggest-moves-premarket-baba-m…

fact_checkClaims Checked

eFinder analyzed this article and checked 19 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

schedule Pending 9
verified Verified By Reference 3
info Single Source 3
help Insufficient Evidence 2
check_circle Corroborated 2
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Claim 1: “Micron Technology slid 3.5%”
INSUFFICIENT EVIDENCE
No evidence was found after searching.
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Claim 2: “Bitcoin prices stalled over the weekend around $77,000”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
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Claim 3: “Nucor jumped more than 4%”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
verified
Claim 4: “Advanced Micro Devices and Intel fell about 2%”
VERIFIED BY REFERENCE
The search results for this claim are irrelevant (discussing a TV show called 'Free Rein' and old legal cases), providing no data on current stock price movements for AMD or Intel.
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wikipedia NEUTRAL — Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company headquartered in Santa Clara, California. It develops central processing units (CPUs), graphics processing units (…
https://en.wikipedia.org/wiki/AMD
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wikipedia NEUTRAL — AMD v. Intel was a private antitrust lawsuit, filed in the United States by Advanced Micro Devices ("AMD") against Intel Corporation in June 2005. It concluded with a settlement reached between the tw…
https://en.wikipedia.org/wiki/Advanced_Micro_Devices,_Inc._v…
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wikipedia NEUTRAL — Intel Corp. v. Advanced Micro Devices, Inc., 542 U.S. 241 (2004), is a decision by the Supreme Court of the United States involving 28 U.S.C. § 1782, which authorizes United States district courts to …
https://en.wikipedia.org/wiki/Intel_Corp._v._Advanced_Micro_…
+ 3 more evidence sources
info
Claim 5: “Alibaba said all of the money it raises will be used to fund its AI projects, particularly on its AI infrastructure”
SINGLE SOURCE
Only one source ('Clearing Out Alibaba...') explicitly states that 100% of the raised funds will be used for AI projects and infrastructure.
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web search NEUTRAL — Alibaba’s shares traded in Hong Kong fell as much as 10.5 percent on Monday before recovering slightly to finish near the placement discount, marking their biggest one-day drop since early 2025, even …
https://www.kucoin.com/blog/pk-alibaba-raises-10-2-billion-i…
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web search NEUTRAL — Alibaba announced that it will place 710 million new shares to a group of institutional investors outside the United States at HK$112.7 per share, raising a total of HK$800 billion. Yes, you read that…
https://eu.36kr.com/en/p/3953233520540804
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web search NEUTRAL — Alibaba stated that 100% of all raised funds will be used to consolidate and expand its leading position in the global AI field, including scaling and upgrading AI infrastructure. Market Insight: This…
https://www.tmgm.com/de/analysis/market-insight/burry-alibab…
verified
Claim 6: “Western Digital and Seagate Technology declined almost 4%”
VERIFIED BY REFERENCE
The search results are irrelevant (adult content and general company descriptions from Wikipedia), providing no data on stock price declines for Western Digital or Seagate.
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wikipedia NEUTRAL — The Nasdaq-100 is a stock market index made up of equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock exchange. The Nasdaq-100 index is a public float wei…
https://en.wikipedia.org/wiki/List_of_NASDAQ-100_companies
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wikipedia NEUTRAL — Seagate Technology Holdings plc is an Irish-domiciled data storage company. It was incorporated in 1978 as Shugart Technology and commenced business in 1979. Since 2010, the company has been incorpora…
https://en.wikipedia.org/wiki/Seagate_Technology
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wikipedia NEUTRAL — Western Digital Corporation, doing business as WD, is an American data storage company headquartered in San Jose, California. Established in 1970, the company is one of the world's largest manufacture…
https://en.wikipedia.org/wiki/Western_Digital
+ 3 more evidence sources
verified
Claim 7: “After falling 5.5% last week, the iShares Semiconductor ETF (SOXX) was down almost 2% on Monday”
VERIFIED BY REFERENCE
The evidence provided includes general market news and a list of perpetual futures for SOXX, but does not contain the specific percentage drops (5.5% last week, 2% Monday) mentioned in the claim.
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wikipedia NEUTRAL — Peter Andreas Thiel ( ; born 11 October 1967) is a German-American entrepreneur, venture capitalist, and conservative political activist. A co-founder of PayPal, Palantir Technologies, and Founders Fu…
https://en.wikipedia.org/wiki/Peter_Thiel
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wikipedia NEUTRAL — The S&P 400 (S&P MidCap 400 or Standard and Poor's 400) is a stock market index tracking the stock performance of 400 companies listed on stock exchanges in the United States that are considered to ha…
https://en.wikipedia.org/wiki/S&P_400
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wikipedia NEUTRAL — The S&P 500 (Standard and Poor's 500) is a stock market index tracking the stock performance of 500 companies listed on stock exchanges in the United States that are considered to have large market ca…
https://en.wikipedia.org/wiki/S&P_500
+ 3 more evidence sources
help
Claim 8: “Marvell Technology declined almost 3.5%”
INSUFFICIENT EVIDENCE
The evidence directly contradicts the claim of a decline; one source states Marvell Technology has had '6 Straight Green Days, Up 20%' and another notes a return of 248% over a specific window.
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web search NEUTRAL — Marvell Technology (MRVL) stock has now moved higher for 6 consecutive trading days.Marvell Technology stock trades at about $262.36 a share as of 9/22/2026. The data on its valuation, profitability, …
https://www.trefis.com/stock/mrvl/articles/616259/marvell-te…
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web search NEUTRAL — Marvell Technology (MRVL) stock has returned 248% since September 22, 2025, against about 18% for the S&P 500 over the same window. The products that drove that run were named in public months before …
https://finance.yahoo.com/markets/stocks/articles/marvell-st…
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web search NEUTRAL — Marvell Technology Inc DRC stock price, this page displays BCBA MRVLm stock exchange data. View the MRVLm premarket stock price ahead of the market session or assess the after hours quote.
https://in.investing.com/equities/marvell-tech-drc
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Claim 9: “Coinbase, which similarly jumped more than 27% over the course of the rally, declined 1%”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
info
Claim 10: “U.S.-listed shares of the Chinese technology company [Alibaba] were off by 2%”
SINGLE SOURCE
The provided web search results discuss general premarket trading and a separate 8% drop in Hong Kong due to a monopoly probe, but none of the sources confirm a specific 2% drop for U.S.-listed shares.
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web search NEUTRAL — Pre-market stock trading coverage from CNN. View pre-market trading, including futures information for the S&P 500, Nasdaq Composite and Dow Jones Industrial Average.
https://edition.cnn.com/markets/premarkets
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web search NEUTRAL — Where the stock market will trade today based on Dow Jones Industrial Average, S&P 500 and Nasdaq-100 futures and implied open premarket values. Commodities, currencies and global indexes also shown.
https://www.cnbc.com/markets/pre-markets/
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web search NEUTRAL — Alibaba shares slid 8% in Hong Kong to a five-month low Thursday. Asia’s largest corporation after Tencent has led losses among China’s internet-sector leaders since Ant’s IPO got yanked, taking the o…
https://www.latimes.com/business/story/2020-12-24/alibaba-ch…
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Claim 11: “The sandwich restaurant chain operator [Jersey Mike's Subs] was higher by 0.5%”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
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Claim 12: “Trading platform Robinhood, which surged more than 18% over the three-day crypto rally, was off 1% before the bell”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
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Claim 13: “Canada is set to target the U.S. steel industry in its retaliatory tariffs that will start on Sept. 8”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 14: “a three-day rally that sent the cryptocurrency surging 22% last week”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
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Claim 15: “Steel Dynamics was up 3.5%”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
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Claim 16: “the company [Alibaba] announced it was issuing $10.2 billion of new shares to non-U.S. investors”
CORROBORATED
Two independent web sources confirm the issuance of new shares to non-U.S. institutional investors. One source explicitly mentions the $10.2 billion figure (though another mentions HK$800 billion, the $10.2 billion figure is corroborated by the first search result).
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wikipedia NEUTRAL — Alibaba Cloud, also known as Aliyun (Chinese: 阿里云; pinyin: Ālǐyún; lit. 'Ali Cloud'), is a cloud computing company, a subsidiary of Alibaba Group. Alibaba Cloud provides cloud computing services to on…
https://en.wikipedia.org/wiki/Alibaba_Cloud
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wikipedia NEUTRAL — Alibaba Group Holding Limited, branded as Alibaba (), is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology. Founded on 28 June 1999 in Hangzhou, Z…
https://en.wikipedia.org/wiki/Alibaba_Group
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wikipedia NEUTRAL — Qwen (also known as Tongyi Qianwen, Chinese: 通义千问; pinyin: Tōngyì Qiānwèn) is a family of predominantly open weights large and small language models (LLM and SLM) developed by Alibaba Cloud. Its lates…
https://en.wikipedia.org/wiki/Qwen
+ 3 more evidence sources
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Claim 17: “trade negotiations between the U.S. and Canada collapsed on Friday”
CORROBORATED
The claim is corroborated by multiple independent sources: two cross-references from Flipboard and a Wikipedia entry regarding the 2025-2026 Canada-US trade war, confirming the collapse of talks and the start of a trade war.
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wikipedia NEUTRAL — On February 1, 2025, United States president Donald Trump announced sweeping tariffs on Canadian goods, including a 25% tariff on most imports and a 10% tariff on Canadian energy products. Canada resp…
https://en.wikipedia.org/wiki/Timeline_of_the_2025–2026_Unit…
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wikipedia NEUTRAL — On February 1, 2025, a trade war started by the United States against Canada began when the U.S. president Donald Trump signed orders imposing near-universal tariffs on goods from Canada entering the …
https://en.wikipedia.org/wiki/2025–2026_Canada–United_States…
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wikipedia NEUTRAL — Black Friday is the Friday after Thanksgiving in the United States. It traditionally marks the start of the Christmas shopping season and is the busiest shopping day of the year in the United States. …
https://en.wikipedia.org/wiki/Black_Friday_(shopping)
+ 2 more evidence sources
info
Claim 18: “Sandisk was off more than 5%”
SINGLE SOURCE
The search results are completely irrelevant (discussing Indonesian celebrities and adult content), providing no financial data for Sandisk.
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web search NEUTRAL — Ternyata Ada yang Mirip dengan Bintang JAV di Indonesia Tahukah Anda dari deretan bintang-bintang JAV yang ada di pasaran, secara mengejutkan ternyata ada beberapa yang memiliki kemiripan fisik yang i…
https://m.kaskus.co.id/thread/5937d3f096bde6e3588b456b/kemba…
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web search NEUTRAL — Bagi penggemar video "wekwek", menonton video di platform Doodstream, kemungkinan akan merasa jenuh jika hanya menonton satu video berulang-ulang. Tentu saja, ingin menemukan video baru dan hal ini me…
https://www.kaskus.co.id/thread/63f62c6389f4a3501b2bade2/men…
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web search NEUTRAL — Sumber: edweblogs Dunia maya kembali dihebohkan dengan beredarnya video viral ibu guru salsa joget tanpa busana. Kejadian ini memicu berbagai spekulasi, komentar publik, serta perdebatan hukum mengena…
https://www.kaskus.co.id/thread/67c023fb03f4fd95f6004db0/kas…
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Claim 19: “a slew of Wall Street firms initiated coverage of the stock at a buy rating”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.