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Sector Update: Tech Stocks Rise Pre-Bell Monday

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Technology stocks were rising pre-bell Monday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1.7% and the State Street SPDR S&P Semiconductor ETF (XSD) 2.2% higher.

Broadcom (AVGO) and Samsung Electronics signed a memorandum of understanding to expand their strategic collaboration across memory and foundry technologies to support next-generation artificial intelligence infrastructure. Shares of Broadcom were up nearly 2% premarket.

Palantir Technologies (PLTR) patient discharge tracking software has failed to yield noticeable performance improvements for the UK's National Health Service, The Financial Times reported, citing an analysis by the Health Foundation. Palantir Technologies stock was up more than 2% pre-bell.

Synopsys (SNPS) shares were up more than 1% after the company introduced new agentic AI capabilities for chip and electronic system design developed in collaboration with Nvidia (NVDA), to automate complex engineering workflows and improve productivity.

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