08:58 AM EDT, 07/22/2026 (MT Newswires) -- Technology stocks were falling premarket Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) down 1.3% and the State Street SPDR S&P Semiconductor ETF (XSD) 2.6% lower.

Super Micro Computer ( SMCI ) stock was up more than 12% after the company said it expects fiscal Q4 GAAP and non-GAAP gross margins in the range of 15% to 17%, significantly above its 8.2% to 8.4% forecast due to a favorable customer and product mix