08:47 AM EDT, 08/19/2024 (MT Newswires) -- Technology stocks were steady premarket Monday, with the SPDR S&P Semiconductor ETF (XSD) inactive and the Technology Select Sector SPDR Fund (XLK) was slightly higher recently.

Advanced Micro Devices ( AMD ) shares were up more than 2% after saying it has agreed to acquire artificial intelligence infrastructure provider ZT Systems in a cash-and-stock deal valued at $4.9 billion.