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Sector Update: Tech Stocks Mixed Pre-Bell Wednesday

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Technology stocks were mixed pre-bell Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) slightly lower and the State Street SPDR S&P Semiconductor ETF (XSD) marginally advancing.

Advanced Micro Devices (AMD) shares were down more than 7% even after the company posted higher fiscal Q2 adjusted earnings and revenue.

Arista Networks (ANET) stock was up more than 10% after the company posted higher Q2 adjusted earnings and revenue, and issued Q3 guidance above analysts' expectations.

Uber Technologies (UBER) shares were down more than 2% after the company reported higher Q2 non-GAAP earnings and revenue, with revenue missing analysts' expectations.

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