08:47 AM EDT, 06/24/2024 (MT Newswires) -- Technology stocks were mixed premarket Monday, with the Technology Select Sector SPDR Fund (XLK) down 0.7% and the SPDR S&P Semiconductor ETF (XSD) was 0.1% lower recently.

Broadcom ( AVGO ) is working with TikTok parent company ByteDance to develop an advanced AI processor to ensure a stable supply of high-end chips amid US-China tensions, multiple media outlets reported. Broadcom ( AVGO ) was up 0.1% pre-bell.