09:11 AM EDT, 10/17/2025 (MT Newswires) -- Technology stocks were leaning lower premarket Friday, with the Technology Select Sector SPDR Fund (XLK) down 0.6% and the SPDR S&P Semiconductor ETF ( XSD ) declining by 0.8%.

Oracle (ORCL) said it expects $225 billion in revenue by fiscal 2030 as it anticipates signing "more large scale opportunities" over the next 12 months. Shares of Oracle were down more than 2% pre-bell.

Micron Technology ( MU ) intends to stop supplying server chips to Chinese data centers following the business' failure to recover from a 2023 government ban on its products in critical infrastructure in that market, Reuters reported, citing two people briefed on the decision. Micron Technology ( MU ) stock was down nearly 2% premarket.

Stellantis ( STLA ) and Pony.ai (PONY) said they have signed a non-binding memorandum of understanding to integrate Pony.ai's autonomous driving software with Stellantis' ( STLA ) medium-sized electric vans to deploy robotaxis in Europe. Stellantis ( STLA ) shares were up 1.5% while Pony.ai shares were 0.4% lower pre-bell.