08:55 AM EDT, 05/23/2024 (MT Newswires) -- Technology stocks were advancing premarket Thursday with the Technology Select Sector SPDR Fund (XLK) up 1.4% and the SPDR S&P Semiconductor ETF (XSD) 5.1% higher recently.

Nvidia ( NVDA ) was up 7% after the company reported higher fiscal Q1 earnings and sales which also topped market expectations.