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Sector Update: Tech Stocks Advance Pre-Bell Wednesday
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Sector Update: Tech Stocks Advance Pre-Bell Wednesday
May 26, 2025 7:41 AM

09:10 AM EDT, 05/14/2025 (MT Newswires) -- Technology stocks advanced pre-bell Wednesday, as the Technology Select Sector SPDR Fund (XLK) was up 0.4% and the SPDR S&P Semiconductor ETF ( XSD ) was 0.3% higher recently.

Sony Group ( SONY ) shares rose past 5% after the company reported a higher fiscal Q4 net income and announced a new 50 billion Japanese yen ($342.2 million) share repurchase program.

Pony AI (PONY) has confidentially filed for a listing in Hong Kong in a bid to raise additional capital to expand its business, Bloomberg News reported, citing people familiar with the matter. Shares of Pony AI were up over 3% premarket.

Cellebrite DI ( CLBT ) shares fell by over 14% after the company reported Q1 revenue below estimates and lowered its 2025 revenue outlook.

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