Stocks making the biggest moves premarket: Alibaba, Bristol-Myers Squibb, eBay & more

Cnbc · 🇺🇸 public United States · Aug 03, 2026 · 326 words · By Davis Giangiulio

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What to know about Stocks making the biggest moves premarket: Alibaba, Bristol-Myers Squibb, eBay & more

Check out the companies making the biggest moves premarket: AstraZeneca , Bristol Myers Squibb — Shares of the pharmaceutical companies moved in opposite directions after The Financial Times reported that the two were in talks to merge.

Claims checked 15

Techniques found 0

Topics 0

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center86%

Right14%

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

What happened

Why it matters

AstraZeneca fell more than 4%, while Bristol Myers jumped more than 5%.

Common ground

ArcelorMittal — The steelmaker was up more than 2% after it announced it was deepening its technology partnership with Microsoft.

Perspective signals

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

Follow-up questions

What concrete event or decision sits underneath the headline: Stocks making the biggest moves premarket: Alibaba, Bristol-Myers Squibb, eBay & more?
What evidence would most clearly confirm or weaken the claim that AstraZeneca fell more than 4%?
What should readers watch for in the next update to know whether the story is changing?

open_in_new Read the original article: https://www.cnbc.com/2026/08/03/stocks-making-the-biggest-moves-premarket-baba-a…

fact_checkClaims Checked

eFinder analyzed this article and checked 15 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

schedule Pending 5

verified Verified By Reference 4

info Single Source 2

check_circle Corroborated 2

cancel Disputed 1

help Insufficient Evidence 1

info

Claim 1: “AstraZeneca fell more than 4%”

SINGLE SOURCE

The evidence provided consists of general company descriptions and Wikipedia entries; there is no data regarding specific stock price movements or a 4% fall.

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web search NEUTRAL — AstraZeneca ... AstraZeneca plc (/ ˌæstrəˈzɛnəkə /) (AZ) is a Swedish–British [3][4][5] multinational pharmaceutical and biotechnology company with its headquarters at the Cambridge Biomedical Campus …
https://en.wikipedia.org/wiki/AstraZeneca

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web search NEUTRAL — AstraZeneca (LSE: AZN, NASDAQ: AZN) é um conglomerado farmacêutico anglo - sueco criado em 6 de abril de 1999 pela fusão da companhia sueca Astra e da britânica Zeneca Group.
https://pt.wikipedia.org/wiki/AstraZeneca

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web search NEUTRAL — AstraZeneca is a global, science-led biopharmaceutical business and our innovative medicines are used by millions of patients worldwide.
https://www.astrazeneca.com/

schedule

Claim 2: “USDC, the stable coin tied to the U.S. Dollar”

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 3: “Bristol Myers jumped more than 5%”

VERIFIED BY REFERENCE

The evidence provided includes general information about the city of Bristol and the company Bristol Myers Squibb, but contains no information regarding stock price increases.

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wikipedia NEUTRAL — The Bristol-Myers Squibb Children's Hospital at Robert Wood Johnson University Hospital (BMSCH) is a freestanding, 89-bed pediatric acute care children's hospital adjacent to RWJUH. It is affiliated w…
https://en.wikipedia.org/wiki/The_Bristol-Myers_Squibb_Child…

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wikipedia NEUTRAL — Bristol-Myers Squibb Company, doing business as Bristol Myers Squibb, is an American multinational pharmaceutical company headquartered in Princeton, New Jersey. The company's primary products are api…
https://en.wikipedia.org/wiki/Bristol_Myers_Squibb

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wikipedia NEUTRAL — John Ripley Myers (October 8, 1864 – December 22, 1899) was a co-founder (along with William McLaren Bristol) of the pharmaceutical company Bristol-Myers.
https://en.wikipedia.org/wiki/John_Ripley_Myers

+ 3 more evidence sources

schedule

Claim 4: “SanDisk and Micron Technology were both down more than 3%, while Seagate Technology was off 2.5%.”

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 5: “U.S.-listed shares of the Chinese [Alibaba] gained 4% after the company unveiled a new AI model on Monday.”

CORROBORATED

Multiple independent sources (Yahoo Finance and MarketWatch) confirm that Alibaba shares rose approximately 4% following the unveiling of the Qwen3.8-Max AI model.

travel_explore

web search NEUTRAL — Alibaba previewed its 2.4-trillion-parameter model Qwen3.8-Max in July 2026 and announced that it would release the weights of the model. The announcement occurred a few days after Moonshot AI release…
https://en.wikipedia.org/wiki/Qwen

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web search NEUTRAL — Alibaba (BABA) rose 4.16% after unveiling its new Qwen3.8-Max AI model, significantly outperforming the Consumer Cyclical sector's 1.38% gain.
https://finance.yahoo.com/quote/BABA/

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web search NEUTRAL — Alibaba Stock Soars After Unveiling New Qwen AI Model.The Cloud segment includes Alibaba Cloud and DingTalk. The company was founded by Chung Tsai and Yun Ma on June 28, 1999 and is headquartered in H…
https://www.marketwatch.com/investing/stock/baba

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Claim 6: “Shares of Microsoft were also up 2%”

DISPUTED

The claim states Microsoft shares were up 2%, but the cross-reference from CNBC explicitly states Microsoft was rising 'nearly 4%'.

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web search NEUTRAL — Uncover the power of Microsoft's products, apps, and devices designed to simplify your life and fuel your passions. Explore our comprehensive range and unlock new capabilities.
https://www.microsoft.com/en-us/microsoft-products-and-apps

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web search NEUTRAL — Sign in to manage your Microsoft account and access all services securely.
https://admin.microsoft.com/AdminPortal/Home

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web search NEUTRAL — Create your Microsoft account to access various services and features.
https://signup.live.com/

+ 1 more evidence source

help

Claim 7: “ArcelorMittal — The steelmaker was up more than 2% after it announced it was deepening its technology partnership with Microsoft.”

INSUFFICIENT EVIDENCE

No evidence was found after searching for this claim.

verified

Claim 8: “Shares [of Ferguson Enterprises] were up nearly 8% after S & P Dow Jones Indices announced on Friday the stock will join the S & P 500 .”

VERIFIED BY REFERENCE

The provided evidence contains general Wikipedia entries for the S&P 500 and Dow Chemical, but nothing regarding Ferguson Enterprises joining the S&P 500 or its stock price.

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wikipedia NEUTRAL — The Dow Chemical Company is an American multinational corporation headquartered in Midland, Michigan, United States. The company was among the three largest chemical producers in the world in 2021. It…
https://en.wikipedia.org/wiki/Dow_Chemical_Company

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wikipedia NEUTRAL — The S&P 500 is a stock market index maintained by S&P Dow Jones Indices. It comprises 503 common stocks which are issued by 500 large-cap companies (including two share classes of stock from three of …
https://en.wikipedia.org/wiki/List_of_S&P_500_companies

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wikipedia NEUTRAL — S&P Global Inc. (prior to 2016, McGraw Hill Financial, Inc., and prior to 2013, The McGraw–Hill Companies, Inc.) is an American publicly traded corporation headquartered in Manhattan, New York. Its pr…
https://en.wikipedia.org/wiki/S&P_Global

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Claim 9: “Qwen3.8-Max is one of the most powerful models in the company's portfolio yet , and it is set to be released officially next week.”

CORROBORATED

Three separate web search results confirm that the Qwen3.8-Max is a powerful model and is scheduled for official release/weight release next week.

travel_explore

web search NEUTRAL — Alibaba also plans a model-weight release next week, although the exact license and date remain unresolved.Qwen3.8-Max gives Wu a new flagship for Alibaba's hosted services, with the release scheduled…
https://runtimewire.com/article/alibaba-qwen3-8-max-eddie-wu…

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web search NEUTRAL — Alibaba will release the weights for Qwen3.8-Max next week through Alibaba Cloud's Model Studio, marking a return to open-weight releases after briefly pivoting toward proprietary models earlier this …
https://theoutpost.ai/news-story/alibaba-unveils-qwen3-8-max…

travel_explore

web search NEUTRAL — Beijing, China – Chinese e-commerce giant Alibaba announced on Monday its most powerful and largest artificial intelligence (AI) model to date, the Qwen3.8-Max.The device is scheduled for official rel…
https://www.voiceofemirates.com/en/business/2026/08/03/aliba…

schedule

Claim 10: “eBay's acquisition of Depop, which was completed 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.

info

Claim 11: “ArcelorMittal said Microsoft's Azure will serve as the backbone for plants to modernize its technology systems”

SINGLE SOURCE

While evidence mentions Microsoft Azure and ArcelorMittal separately, there is no evidence provided that confirms a specific statement about Azure serving as the backbone for plant modernization.

travel_explore

web search NEUTRAL — Meta and Microsoft are trimming their workforces by thousands as they make heavy investments in AI and executives claim that the technology is meeting their companies’ productivity needs.
https://www.theguardian.com/technology/2026/apr/23/meta-micr…

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web search NEUTRAL — Microsoft Azure mobile app. Next steps. Get started with Azure.Use AI‑powered insights and guided actions to manage, optimize, and troubleshoot Azure resources with confidence. Automate routine cloud …
https://azure.microsoft.com/en-us/get-started/azure-portal

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web search NEUTRAL — While ArcelorMittal remains committed to decarbonization, its delays reflect a broader challenge for the steel industry: achieving ambitious climate goals without undermining competitiveness. Clearer …
https://carboncredits.com/arcelormittal-delays-e1-7b-net-zer…

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Claim 12: “The stablecoin issuer [Circle Internet Group] declined 5% after Morgan Stanley downgraded the stock to underweight from equal weight.”

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 13: “The e-commerce platform [eBay] tumbled more than 3% after Wells Fargo downgraded the stock to underweight from equal weight.”

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 14: “Ferguson will replace Electronic Arts before the opening bell on Wednesday.”

VERIFIED BY REFERENCE

The evidence provided includes a Wikipedia entry for a person named David Ferguson and general S&P 500 info, but no mention of Ferguson Enterprises replacing Electronic Arts.

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wikipedia NEUTRAL — The Russell 1000 Index is a U.S. stock market index that tracks the largest 1,000 stocks in the Russell 3000 Index, which represent about 93% of the total market capitalization of that index. The inde…
https://en.wikipedia.org/wiki/Russell_1000_Index

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wikipedia NEUTRAL — David Ferguson was an American international outsider-culture impresario, activist, music producer and concert promoter. Over his career, most of which has been spent on the West Coast, he worked wi…
https://en.wikipedia.org/wiki/David_Ferguson_(impresario)

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verified

Claim 15: “The Financial Times reported that the two [AstraZeneca and Bristol Myers Squibb] were in talks to merge.”

VERIFIED BY REFERENCE

The provided evidence includes general Wikipedia entries for AstraZeneca and Bristol Myers Squibb and a homepage for the Financial Times, but no specific report or article confirming merger talks between the two companies.

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wikipedia NEUTRAL — AstraZeneca plc () (AZ) is a Swedish–British multinational pharmaceutical and biotechnology company with its headquarters at the Cambridge Biomedical Campus in Cambridge, England. It has a portfolio o…
https://en.wikipedia.org/wiki/AstraZeneca

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wikipedia NEUTRAL — Samsung Biologics Co., Ltd. (Korean: 삼성바이오로직스) is a global contract development and manufacturing organization headquartered in Songdo, Incheon, South Korea. The biotech division of Samsung Group, its…
https://en.wikipedia.org/wiki/Samsung_Biologics

+ 3 more evidence sources

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.