08:51 AM EDT, 09/13/2024 (MT Newswires) -- Technology stocks were steady premarket Friday, with the SPDR S&P Semiconductor ETF (XSD) inactive and The Technology Select Sector SPDR Fund (XLK) marginally higher.

Oracle (ORCL) Executive Vice President of Corporate Operations Doug Kehring said during the company's Thursday financial analyst meeting that Oracle's fiscal 2029 revenue will exceed $104 billion. The company also raised its revenue outlook for fiscal 2026 to at least $66 billion from a previous target of $65 billion. Oracle shares were up over 6% pre-bell Friday.