US stocks are off to a lackluster start today, with the tech sector taking a hit amid various industry developments. The Dow Jones Industrial Average is down 0.3%, while the S&P 500 and Nasdaq Composite have each lost around 0.2%. Within the tech space, some notable movers include:

* Tesla (TSLA) is down 0.8% after cutting the price of its Model 3 long-range RWD in China by 3.7% to 259,500 yuan. This move is seen as a strategic attempt to boost sales in the region.
* Apple (AAPL) is down 0.8% after announcing plans to accelerate automation across its manufacturing supply chain. While this may lead to increased efficiency and cost savings, it could also result in job losses for human workers.
* Meta (META) is down 1.2% after revealing that it is exploring partnerships with Google and OpenAI to enhance AI features in its apps. This collaboration could potentially create new revenue streams and strengthen the company’s position in the AI market.
* Amazon (AMZN) is down 1.5% after reporting that US prime signups have fallen short of last year’s total and target. While this may be a temporary setback, it highlights the intense competition in the e-commerce space.
* Lyft (LYFT) is down 4.5% after announcing a private offering of $450mln of convertible senior notes. This move may indicate that the company is seeking to raise additional capital to fund its growth initiatives.
* Shopify (SHOP) is up 1.7% after being upgraded by Merrill Lynch. The firm’s bullish outlook on the e-commerce platform provider is likely driven by its growing market share and expanding product offerings.

In other news, the US has revoked long-standing waivers that allowed Samsung and SK Hynix to use American equipment in their Chinese chip plants. This move is seen as a response to concerns about intellectual property theft and national security.

Overall, today’s pre-market activity suggests that investors are cautious about the outlook for tech stocks, particularly given the ongoing competition and regulatory challenges in the industry. However, individual movers within the sector may offer opportunities for profit-taking or investment, depending on their specific circumstances and growth prospects.