-- Technology stocks were advancing premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.1% and the State Street SPDR S&P Semiconductor ETF (XSD) 0.7% higher.
Qualcomm (QCOM) shares were up more than 9% after a TF International Securities analyst said that industry checks suggest Microsoft-backed (MSFT) OpenAI is working with the semiconductor company and MediaTek to develop smartphone processors.