US PRE-MARKET MOVERS: MU, BABA, ALGN, RIVN, FIVE, ACN

ES -0.6% NQ -0.7% RTY -1.0% MU -5.6%: Concerns over peak GM from capex outweigh earnings beat. BABA -5.0%: Profit and rev. missed. ALGN +6.1%: Elliott Investment Management takes a significant stake. RIVN +9.1%: Partnered with UBER on Robotaxis; UBER to invest $1.25B in RIVN. FIVE +6.3%: Q metrics & guidance beat. ACN -4.5%: FY profit outlook missed..