Sector Update: Tech Stocks Rise Premarket Wednesday
Technology stocks were edging higher premarket Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) advancing by 1%.ASE Technology (ASX) is aggressively expanding global capacity to support surging artificial intelligence demand, including with new facilities in Asia and the US, Reuters reported, citing the company's Chief Operating Officer Tien Wu. Shares of ASE Technology Holding were up more than 1% pre-bell.Nebius Group (NBIS) introduced version 3.6 of its AI cloud Wednesday, featuring new developer experience, security and governance improvements, and enhanced storage capabilities for teams running AI in production on its full-stack AI cloud platform. Nebius Group stock was up more than 1% premarket.Daktronics (DAKT) shares were up nearly 9% after the company reported higher fiscal Q4 adjusted earnings and net sales.
