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Sector Update: Tech Stocks Advance Premarket Tuesday

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Technology stocks were advancing premarket Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1.1% and the State Street SPDR S&P Semiconductor ETF (XSD) 2.5% higher.

Cisco Systems (CSCO) shares were up more than 1% after the company launched its Sovereign Critical Infrastructure portfolio in Canada for government agencies and organizations operating critical infrastructure.

CoreWeave (CRWV) said Rescale will expand its cloud ecosystem to CoreWeave Cloud to support artificial intelligence and simulation workloads for product development. CoreWeave stock was up more than 2% pre-bell.

BlackBerry (BB) Chief Executive John Giamatteo told CNBC that Robotics is one of the fastest-growing businesses within its QNX software division. Shares of BlackBerry were up more than 1% premarket.

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Sector Update: Energy Stocks Decline Monday

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Sector Update: Financial Stocks Advance Late Afternoon

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