US PRE-MARKET MOVERS: Mag-7, SKHY, MGM, SHOP, Samsung

ES -0.4% NQ -1% RTY -0.3%

• Mag-7: MSFT +0.6% AAPL +0.2% AMZN -0.1% GOOGL -0.4% META -0.7% TSLA -0.9% NVDA -1.5%
• AAPL sued OpenAI & two former employees for alleged trade secrets theft
• SKHY -9.5%: Seoul-listed shares tumbled by more than 15% overnight amid earnings concerns; weighing on broader tech
• MGM +3%: Negotiating a potential deal w/ Barry Diller’s People after receiving a takeover offer
• SHOP +3.3%: Upgraded at Jefferies
• Samsung Electronics begun preparations to manufacture Tesla’s AI5 chip using its 2nm process at its Texas plant