$ITRN

Sector Update: Tech Stocks Rise Premarket Tuesday

Technology stocks were rising premarket Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1.7% and the State Street SPDR S&P Semiconductor ETF (XSD) advancing by 3.7%.Pony AI (PONY) stock was up 20% after the company raised its 2026 Robotaxi revenue target to more than 3.5 times 2025 levels from a previous target of 3 times, and its year-end Robotaxi fleet size target to more than 3,500 units from 3,000 units.Ouster (OUST) will equip ARGUS Interception's A1-Falke net-based interceptors with its digital sensors, the companies said. Ouster shares were up more than 9% pre-bell.Ituran Location and Control (ITRN) shares were up more than 4% after the company posted higher Q1 earnings and revenue.