Pre-Bell Movers | BABA Moves Higher by 11.4%; Here Are 20 Stocks Moving Premarket (Jul/8th)
Micron Technology, Inc. MU | 0.00 | |
Intel Corporation INTC | 0.00 | |
Alibaba Group Holding Ltd. Sponsored ADR BABA | 0.00 | |
Baidu, Inc. Sponsored ADR Class A BIDU | 0.00 | |
JD.com, Inc. Sponsored ADR Class A JD | 0.00 |
US stock futures declined on Wednesday, as investors assessed US strikes on Iran and rising crude oil prices.
Crude oil prices climbed over 2% following the US military action against Iran, rattling global markets.
South Korea's Kospi entered bear market territory, falling over 5%, and Japan's Nikkei closed 2.11% lower.
The Federal Reserve's June meeting minutes are scheduled for release at 2 p.m. ET.
Memory chip stocks weakened, with MICRON TECHNOLOGY(MU) falling 3% and INTEL(INTC) down 1%.
Chinese tech stocks rallied in pre-market trading. ALIBABA(BABA) surged 12%, BAIDU(BIDU) gained 7%, and JD(JD) climbed 4%, supported by policy backing and a rotation from chip equities into Hong Kong-listed stocks. The KraneShares CSI China Internet ETF(KWEB.US) rose 5%.
In One Chart | Alibaba Up on Strong Cloud Revenue - Top Traded US Stocks as of 11:12, Jul. 8th, 2026
Alibaba Group Holding Ltd. Sponsored ADR(BABA.US) gained traction in pre-market trading due to positive outlooks and corporate developments. The anticipation of Alibaba Group's upcoming Q1 financial results, which suggest steady profitability in its e-commerce and cloud segments, has likely fueled investor confidence. Moreover, strategic initiatives and partnerships in AI and cloud computing are reinforcing its market position, catching the attention of markets and potentially contributing to its rise in pre-market activity. Alibaba Group Holding Ltd. Sponsored ADR share moves higher by 11.4% to US$109.34 in the pre-market trading session.
Here are some other stocks moving in pre-market trading as of 11:12:29, Jul. 08 (Wednesday) Riyadh Time.
Gainers
Change | Price(US$) | Ticker (🌙 means "Shariah Compliant") | Additional Information |
66.7% | 4.2 | 🌙 iOThree Limited(IOTR.US) | Strong FY2026 results and favorable industry outlook. |
41.2% | 1.44 | Digital Currency X Technology Inc. Class A(DCX.US) | - |
37.2% | 0.12 | Edible Garden AG Inc(EDBL.US) | HRT Financial LP reported stock purchases. |
24.9% | 2.56 | 🌙 TuanChe Limited(TC.US) | - |
24.1% | 2.52 | 🌙 WF Holding Limited(WFF.US) | - |
23.5% | 2.47 | 🌙 Nocera, Inc.(NCRA.US) | - |
20.1% | 6.76 | Twin Vee PowerCats Co.(VEEE.US) | - |
17.6% | 3.83 | 🌙 Shuttle Pharmaceuticals Holdings,Inc.(SHPH.US) | - |
12.8% | 10.65 | Kingsoft Cloud Holdings(KC.US) | Due to Xiaomi's soaring GPU compute demand exceeding initial budget. |
11.4% | 109.34 | 🌙 Alibaba Group Holding Ltd. Sponsored ADR(BABA.US) | - |
Losers
Change | Price(US$) | Ticker (🌙 means "Shariah Compliant") | Additional Information |
-34.7% | 0.07 | Pop Culture Group Co., Ltd. Class A(CPOP.US) | - |
-16.8% | 21.59 | FuelCell Energy, Inc.(FCEL.US) | Due to a $200 million public offering. |
-16.4% | 2.14 | 🌙 Trident Digital Tech(TDTH.US) | - |
-15.4% | 2.8 | 🌙 Springview Holdings Ltd. Class A(SPHL.US) | - |
-13.3% | 1.17 | SRX Global Inc.(SRXH.US) | Stock boosted by 25.8% on last trading day |
-13.2% | 4.29 | 🌙 Everbright Digital Holding Ltd.(EDHL.US) | - |
-13.0% | 3.47 | 🌙 Lianhe Sowell International Group Ltd. Class A(LHSW.US) | Stock added considerably 41.3% on last trading day |
-12.6% | 2.71 | Tvardi Therapeutics Inc.(TVRD.US) | - |
-12.4% | 0.31 | CCH Holdings Ltd Class A(CCHH.US) | Stock gained significantly 22.2% on last trading day |
-12.3% | 13.24 | UTime Limited Class A(FXHO.US) | Stock advanced vastly 22.8% on last trading day |
Editor's note: This content was generated by Sahm's in-house AI-enabled SaaS tool and was reviewed by our editing team.
The table above reflects pre-market price changes only and does not constitute recommendations. Stocks, particularly those with smaller market caps, may see heightened volatility. Investors should conduct thorough research and consult advisors before decision-making based on this data.