09:14 AM EDT, 03/17/2025 (MT Newswires) -- Technology stocks advanced premarket Monday as the Technology Select Sector SPDR Fund (XLK) was slightly higher and the SPDR S&P Semiconductor ETF ( XSD ) was up 0.4% recently.

Science Applications International ( SAIC ) shares rose past 8% after the company reported higher fiscal Q4 adjusted earnings and revenue. The company also raised its fiscal 2026 adjusted earnings outlook and the lower end of its revenue guidance.

Baidu ( BIDU ) shares were up almost 2% after the company launched its new artificial intelligence foundational models Ernie 4.5 and Ernie X1.

Intel's ( INTC ) incoming Chief Executive Officer Lip-Bu Tan is considering significant changes to the company's chip manufacturing and AI strategies as part of turnaround efforts, Reuters reported, citing two sources familiar with Tan's thinking. Shares of Intel ( INTC ) were up over 1% pre-bell.