08:47 AM EST, 01/02/2025 (MT Newswires) -- Technology stocks were advancing premarket Thursday with the Technology Select Sector SPDR Fund (XLK) up 1.1% and the SPDR S&P Semiconductor ETF (XSD) 0.5% higher recently.

Synaptics ( SYNA ) shares rose by nearly 5% after the company said it is working with Alphabet's (GOOG, GOOGL) Google ( GOOG ) to advance artificial intelligence-powered Internet of Things technologies.