Stocks to Watch: Alibaba Issues $10.2 Billion in New Shares, Marvell and Sandisk Decline, Nucor and Steel Dynamics Rise
Premarket trading saw significant movements, particularly for Alibaba, which is down 2% after announcing a $10.2 billion share issuance aimed at funding AI projects. Other notable declines were observed in the semiconductor and memory sectors, while steel manufacturers benefitted from trade tensions.