Sector Update: Tech Stocks Rise Pre-Bell Friday
Technology stocks were rising pre-bell Friday, with the State Street Technology Select Sector SPDR Fund (XLK) advancing by 1.4% and the State Street SPDR S&P Semiconductor ETF (XSD) 0.3% higher.Dell Technologies (DELL) shares were up more than 33% after the company reported fiscal Q1 financial results that topped analyst estimates and issued higher-than-expected guidance for fiscal Q2 and the full year.Super Micro Computer (SMCI) stock was up more than 10% after the company said it is collaborating with Taiwanese authorities to prevent illicit diversion of its servers into the restricted Chinese market.Asana (ASAN) acquired StackAI, a no-code platform that helps enterprises create AI agents and automate workflows across business systems, the company said. Asana shares were up more than 7% premarket.
