08:54 AM EDT, 06/02/2026 (MT Newswires) -- Technology stocks were advancing premarket Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) 0.1% higher and the State Street SPDR S&P Semiconductor ETF (XSD) advancing by 3%.

Marvell Technology ( MRVL ) shares were up more than 18% after multiple news outlets reported that Nvidia ( NVDA ) chief executive officer Jensen Huang called the chipmaker the next "trillion-dollar company."