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Stocks making the biggest moves premarket: Alibaba, Intel, Sandisk & more

Cnbc · 🇺🇸 public United States · · 299 words · By Davis Giangiulio
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What to know about Stocks making the biggest moves premarket: Alibaba, Intel, Sandisk & more

Check out the companies making the biggest moves premarket: Alibaba — Shares were higher by 1.5% after Reuters reported the company was set to sell its game developer business.

Claims checked 9
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

Check out the companies making the biggest moves premarket: Alibaba — Shares were higher by 1.5% after Reuters reported the company was set to sell its game developer business.

Why it matters

Citing a person familiar with the matter, Reuters said Lingxi Games is expected to be sold in a more than $2 billion to private equity firm Trustar Capital.

Common ground

Memory stocks — A slew of names were higher in premarket trading Monday after U.S.

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/2026/08/17/stocks-making-the-biggest-moves-premarket-baba-i…

fact_checkClaims Checked

eFinder analyzed this article and checked 9 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

check_circle Corroborated 5
info Single Source 2
verified Verified By Reference 1
help Insufficient Evidence 1
verified
Claim 1: “Sandisk jumped nearly 5%, while Western Digital and Micron Technology were up more than 3%. Seagate Technology was higher by more than 2.5%.”
VERIFIED BY REFERENCE
While the companies mentioned (Sandisk, Micron, Western Digital, Seagate) are real, the provided evidence consists of general Wikipedia descriptions or unrelated Gmail help pages. There is no evidence provided regarding their specific stock price movements of 5%, 3%, or 2.5%.
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wikipedia NEUTRAL — Micron Technology, Inc. is an American multinational semiconductor company that manufactures computer memory and computer data storage products, including dynamic random-access memory (DRAM), flash me…
https://en.wikipedia.org/wiki/Micron_Technology
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wikipedia NEUTRAL — Sandisk Corporation (formerly SunDisk Corporation and SanDisk Corporation) is an American multinational computer semiconductor company based in Milpitas, California. Founded in 1988, it designs and ma…
https://en.wikipedia.org/wiki/Sandisk
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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
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Claim 2: “Intel — Shares were up about 1.5% after it was revealed CEO Lip-Bu Tan purchased more than 105,000 shares last week at $95 a piece.”
CORROBORATED
Multiple sources (CoinCentral, WorldNL Magazine) confirm that CEO Lip-Bu Tan purchased 105,263 Intel shares at $95 per share on August 11.
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wikipedia NEUTRAL — Nova Lake is a codename for Core Ultra Series 4 desktop and mobile processors developed by Intel. Nova Lake is expected to use a new LGA 1954 socket. The first Nova Lake processors are expected to lau…
https://en.wikipedia.org/wiki/Nova_Lake_(microprocessor)
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wikipedia NEUTRAL — Intel Corporation is an American multinational technology company headquartered in Santa Clara, California. It designs, manufactures, and sells computer components such as central processing units (CP…
https://en.wikipedia.org/wiki/Intel
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wikipedia NEUTRAL — Lip-Bu Tan (Chinese: 陳立武; pinyin: Chén Lìwǔ; Pe̍h-ōe-jī: Tân Li̍p-Bú; born November 12, 1959) is an American business executive who has been chief executive officer (CEO) of Intel since 2025. He is al…
https://en.wikipedia.org/wiki/Lip-Bu_Tan
+ 3 more evidence sources
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Claim 3: “Alibaba — Shares were higher by 1.5% after Reuters reported the company was set to sell its game developer business.”
CORROBORATED
Multiple sources, including CNBC and a web search result, confirm that Alibaba shares rose 1.5% following a Reuters report regarding the sale of its game developer business.
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web search NEUTRAL — Check out the companies making the biggest moves premarket: Alibaba — Shares were higher by 1.5% after Reuters reported the company was set to sell its game developer business. Citing a person ...
https://www.cnbc.com/2026/08/17/stocks-making-the-biggest-mo…
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web search NEUTRAL — Find the latest Alibaba Group Holding Limited (BABA) stock quote, history, news and other vital information to help you with your stock trading and investing.
https://finance.yahoo.com/quote/BABA/
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web search NEUTRAL — Alibaba Group is expected to receive more than $2 billion from the sale of its game development unit Lingxi Games to private equity firm Trustar Capital, Reuters reported, citing a person familiar ...
https://invezz.com/news/2026/08/17/alibaba-stock-rises-on-re…
info
Claim 4: “The purchase was unveiled in a Securities and Exchange Commission filing on Friday after the bell.”
SINGLE SOURCE
While the purchase by Lip-Bu Tan is corroborated, the specific detail that it was unveiled in an SEC filing on 'Friday after the bell' is not explicitly confirmed by the provided evidence snippets, though the purchase itself is well-documented.
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web search NEUTRAL — Lip-Bu Tan (Chinese: 陳立武; pinyin: Chén Lìwǔ; Peh-ōe-jī: Tân Lip-Bú; born November 12, 1959) is an American business executive who has been chief executive officer (CEO) of Intel since 2025. He is also…
https://en.wikipedia.org/wiki/Lip-Bu_Tan
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web search NEUTRAL — Trump is set to meet with CEO Lip-Bu Tan later on Friday, a White House official said. The development follows a meeting between Tan and Trump earlier this month that was sparked by Trump’s demand for…
https://www.scmp.com/news/world/united-states-canada/article…
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web search NEUTRAL — Quick Read. Lip-Bu Tan voluntarily spent $10 million on Intel shares at $95, which was the exact price public investors paid in the company's concurrent $20 billion secondary offering.
https://www.aol.com/articles/ceo-lip-bu-tan-just-125039000.h…
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Claim 5: “Citing a person familiar with the matter, Reuters said Lingxi Games is expected to be sold in a more than $2 billion to private equity firm Trustar Capital.”
CORROBORATED
The claim that Lingxi Games is being sold to Trustar Capital for more than $2 billion is reported by Reuters and corroborated by CNBC and other financial news summaries.
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wikipedia NEUTRAL — List of largest media and entertainment mergers and acquisitions is a list of the largest publicly announced mergers, acquisitions, and other major corporate transactions involving companies in the me…
https://en.wikipedia.org/wiki/List_of_largest_media_and_ente…
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wikipedia NEUTRAL — The video game industry has been subject to several mergers and acquisitions, such as Microsoft's acquisition of Activision Blizzard, which is the most expensive video game industry acquisition of all…
https://en.wikipedia.org/wiki/List_of_largest_video_game_mer…
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web search NEUTRAL — HONG KONG, Aug 17 (Reuters) - Alibaba Group is expected to reap more than $2 billion from the sale of its game developer unit Lingxi Games to private equity firm Trustar Capital, a person familiar wit…
https://live.euronext.com/en/financial-news/alibaba-sell-lin…
+ 3 more evidence sources
info
Claim 6: “Marvell Technology and Arm were both up 2%. Applied Materials was higher by 1.5%, while Broadcom and Advanced Micro Devices were both rising 1%.”
SINGLE SOURCE
The provided evidence for these specific stock movements is either unrelated (Alight Motion YouTube video) or provides different percentages (e.g., AMD rose 3.34% instead of 1%), failing to corroborate the specific figures in the claim.
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web search NEUTRAL — Other semiconductor names also advanced. AMD rose 3.34%, Broadcom gained 2.11%, Oracle climbed 4.71%, Lam Research advanced 2.55%, Applied Materials gained 2.36%, while Qualcomm rose 3.11% in the S&P …
https://hdfcsky.com/news/nasdaq-sp-500-slip-as-oil-nears-100…
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web search NEUTRAL — ...50%, 59%, 99% WHEN EXPORTING A VIDEO and this video IS made for those alight motion users who experiencing this kind of problem, Some of it may work and it depends on which device you are using.
https://www.youtube.com/watch?v=lCAcr8MwaYU
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web search NEUTRAL — AMD: Advanced Micro Devices Inc - Stock Price, Quote and News.
https://www.cnbc.com/quotes/AMD
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Claim 7: “U.S. Commerce Secretary Howard Lutnick told the Wall Street Journal in an interview that the Trump administration opposes Apple from buying Chinese memory chips.”
CORROBORATED
Web search results confirm that Commerce Secretary Howard Lutnick stated in an interview that the Trump administration does not support Apple using Chinese memory chips, specifically mentioning discussions regarding CXMT.
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wikipedia NEUTRAL — Howard William Lutnick (born July 14, 1961) is an American businessman and government official who has served as the 41st United States secretary of commerce since 2025. In 1983, Lutnick was hired at …
https://en.wikipedia.org/wiki/Howard_Lutnick
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wikipedia NEUTRAL — The minister responsible for Canada-U.S. trade, intergovernmental affairs and one Canadian economy is a minister of the Crown with a multi-role portfolio in the Canadian Cabinet. Supported by Global A…
https://en.wikipedia.org/wiki/Minister_responsible_for_Canad…
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wikipedia NEUTRAL — The United States secretary of commerce (SecCom) is the head of the United States Department of Commerce. The secretary serves as the principal advisor to the president of the United States on all mat…
https://en.wikipedia.org/wiki/United_States_Secretary_of_Com…
+ 3 more evidence sources
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Claim 8: “SoFi Technologies — The digital financial services company was up by 2% after Piper Sandler initiated coverage on the stock with an overweight rating.”
CORROBORATED
Multiple independent sources (Benzinga, and other financial reports) confirm that SoFi Technologies rose approximately 2% after Piper Sandler initiated coverage with an Overweight rating and a $22 price target.
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web search NEUTRAL — Piper Sandler analyst Patrick Moley initiated coverage of SoFi Technologies (SOFI) with an Overweight rating and $22 price target Piper views SoFi as a “high-growth personal finance story.”
https://www.tipranks.com/news/the-fly/sofi-technologies-init…
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web search NEUTRAL — SoFi Technologies ( NASDAQ:SOFI ) rose 2.13% premarket after Piper Sandler initiated coverage at Overweight with a $22 price target, about 25x its 2027 earnings estimate.A $1.5 Billion Catalyst Just R…
https://finance.yahoo.com/markets/stocks/articles/sofis-prod…
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web search NEUTRAL — Piper Sandler initiates SoFi (NASDAQ: SOFI) with Overweight rating and $22 price target, citing rapid ecosystem growth and lending upside.
https://www.benzinga.com/markets/large-cap/26/08/61252920/so…
help
Claim 9: “Okta — Shares were up 1% after Wells Fargo upgraded the stock to overweight from equal-weight.”
INSUFFICIENT EVIDENCE
No evidence was found for this claim after searching.
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.