Biggest Stock Moves Pre-Market: Apple, Amazon, Roku, Alibaba and More

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Apple’s stock price plunged 2% after CFO Luca Maestri said supply chain issues would negatively impact third-quarter sales by as much as $8 billion. 

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shares fell more than 9% after Amazon announced weaker-than-expected revenue guidance for the second quarter. The tech giant also posted a $7.6 billion loss on its investment into Rivian.

Shares of Roku rose 4% after the digital media player manufacturer on Thursday reported sales that exceeded expectations in its recent quarter. Roku posted a revenue of $733.7 million. 

Intell shares plunged more than 3% after Intel issued weak guidance for its fiscal second quarter, overshadowing stronger-than-expected earnings for the previous quarter.

Robinhood stock declined almost 10% following a first-quarter report that showed declining revenue and monthly active users. 

Alibaba, Pinduoduo, Baidu — Chinese technology stocks rallied after policymakers in the country signaled an easing of the crackdown on tech companies. Alibaba surged 10%, Pinduoduo was up 15% and Baidu rose more than 8%.