09:12 AM EDT, 08/03/2026 (MT Newswires) -- Technology stocks were declining pre-bell Monday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.4% and the State Street SPDR S&P Semiconductor ETF ( XSD ) 0.3% lower.

Alibaba ( BABA ) said in a social media post that it launched Qwen3.8-Max, its latest large language model, and plans to release the model's open weights next week alongside Qwen3.8-27B. Shares of Alibaba Group Holding ( BABA ) were up more than 3% premarket.

Sportradar ( SRAD ) stock fell past 18% after the company reported that it swung to a Q2 loss, while revenue increased during the period. Sportradar ( SRAD ) also cut its 2026 revenue outlook.

D-Wave Quantum ( QBTS ) and Nasdaq's (NDAQ) financial crime management unit Nasdaq Verafin said they have signed an agreement to evaluate using quantum computing to improve financial crime detection. D-Wave Quantum ( QBTS ) shares were 0.3% higher premarket.