US PRE-MARKET MOVERS: SMH, MAGS, DRAM, AA, SPCX, ISRG, ALV, SFNC

ES -0.9% NQ -1.9% RTY -0.8%

• SMH -3.5%, MAGS -1.7%, DRAM -4.2%: Moonshot AI's new Kimi K3, a top-ranked open-source AI model, adds competitive pressure on US tech.
• AA -1.8%: Adj. EPS missed.
• SPCX -4.1%: Starship aborted seconds before test-flight liftoff on 16th July.
• ISRG -10.3%: Soft US Da Vinci procedure growth.
• ALV -5.6%: Adj. EPS fell short of expectations.
• SFNC -7.3%: Adj. EPS & revenue missed.