08:47 AM EDT, 05/07/2024 (MT Newswires) -- Technology stocks were steady premarket Tuesday as the SPDR S&P Semiconductor ETF (XSD) was inactive and the Technology Select Sector SPDR Fund (XLK) was marginally higher recently.

Palantir Technologies ( PLTR ) shares fell by over 11% after the company's Q1 results showed a sharp sequential slowdown in US commercial revenue growth.