I think previews are shown for links even if they are just redirects. If my previous statement is true, I recently noticed an outlier. Hovering over the w:Core memory link in an image text (A portion of a core memory with a modern flash SD card on top) in w:Random Access Memory shows the Looks like there isn't a preview for this page message in the popup.
I specify this as an outlier because in the same image text there's a link to the w:SD card article which is also redirect. Hovering over it does show a preview!
Any reasons for this odd behaviour?