Tech Five: Micron shares jumps off reported bid

Shares of Micron Technology rallied nearly 12% in pre-market trading Tuesday, after a Chinese chip design company reportedly submitted a $23 billion bid for the Idaho-based company.

Let's take a look at the tech stocks to watch Tuesday:

Micron Technology (MU): The Chinese chip design maker, Tsinghua Unigroup, reportedly offered Micron $21 a share -- a price that was almost 19% over the US chip maker's Monday closing price. Micron Technology is the last major U.S. maker of memory and storage chips that are used in PCs, workstations, smartphones, tablets, and cameras.

Apple (AAPL): Apple Pay is now live in the U.K., according to TechCrunch. The mobile payment system will be accepted across 250,000 store locations, as well as the London's transportation networks. Apple shares were up nearly 2% during morning trading.

Netflix (NFLX): Netflix will split its shares on a seven-for-one basis Tuesday. The streaming video leader closed at a new high Monday evening, as shares jumped up nearly 4% to $707.61. Netflix plans to announce its Q2 earnings Wednesday.

Amazon (AMZN): In honor of Amazon's 20th birthday, the online retail giant is hosting "Prime Day" Wednesday, which it says will rival Black Friday. The event is exclusive to Amazon Prime members, who will receive access to multiple deals across the site. Company shares were up nearly 3% during morning trading.

Nokia (NOK): Nokia, the once-leader in mobile phones, may make a comeback to the smartphone market. The company finalized a deal to sell its devices and handset business to Microsoft for more than $7 billion last year. Terms of the deal require Nokia to sit out the mobile phone market until the fourth quarter of 2016.

Follow Trisha Thadani on Twitter: @TrishaThadani