08:55 AM EDT, 08/08/2025 (MT Newswires) -- Technology stocks were edging higher premarket Friday, with the Technology Select Sector SPDR Fund (XLK) up 0.3% and the SPDR S&P Semiconductor ETF (XSD) slightly advancing.

SoundHound AI ( SOUN ) stock was up 24% after the company reported a narrowed Q2 adjusted loss and higher revenue compared with a year earlier and raised its full-year revenue outlook.