09:04 AM EDT, 08/14/2024 (MT Newswires) -- Technology stocks rose premarket Wednesday, with The Technology Select Sector SPDR Fund ( XLK ) up 0.5% and the SPDR S&P Semiconductor ETF ( XSD ) advancing 0.7%.

Intel ( INTC ) has sold its stake in British chip company Arm Holdings ( ARM ) , a regulatory filing showed. Arm Holdings ( ARM ) shares were up over 2% pre-bell.

Riskified ( RSKD ) stock was over 2% higher after the company reported higher Q2 non-GAAP earnings and revenue.

Core Scientific ( CORZ ) shares were up over 2% after the company priced a private offering of $400 million of 3% convertible senior unsecured notes due 2029, upsized from $350 million.