08:49 AM EST, 01/17/2025 (MT Newswires) -- Technology stocks were rising premarket Friday, with The Technology Select Sector SPDR Fund (XLK) up 1.4% and the SPDR S&P Semiconductor ETF (XSD) 1.1% higher.

Qorvo ( QRVO ) is the latest target of activist investor Starboard Value, which has taken a 7.7% stake in the chip maker valued at around $500 million, The Wall Street Journal reported late Thursday, citing unnamed sources. Qorvo ( QRVO ) shares were up past 7% premarket.