09:09 AM EST, 11/18/2024 (MT Newswires) -- Technology stocks were steady premarket Monday as the SPDR S&P Semiconductor ETF ( XSD ) was inactive and the Technology Select Sector SPDR Fund (XLK) was 0.1% higher recently.

Tuya ( TUYA ) shares rose past 12% after the company announced a definitive agreement for a strategic investment by 65 Equity Partners through the acquisition of about 13% of Tuya's ( TUYA ) total issued shares from New Enterprise Associates.

Wolfspeed ( WOLF ) said Gregg Lowe will step down as its president and chief executive within the month. Wolfspeed ( WOLF ) shares were up over 3% pre-bell.

Nvidia's ( NVDA ) new Blackwell AI chips are having problems with accompanying servers that overheat, Reuters reported, citing the Information. Nvidia ( NVDA ) shares were over 2% lower premarket.