Technology and semiconductor stocks dominated premarket trading on Monday. SpaceX rose more than 1% after postponing its Starship rocket launch attempt to Thursday. Alibaba jumped more than 3% after previewing its new artificial intelligence model Qwen3.8 Max, which it claims is second only to Anthropic’s Fable 5 model. Hut 8 Corp surged 12% after signing a 15-year lease worth $9.8 billion for its Beacon Point data center in Texas. The semiconductor sector also rebounded with the iShares Semiconductor ETF up more than 2%, led by gains of 3.5% for AMD and 4% for Micron.
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