09:07 AM EDT, 07/20/2026 (MT Newswires) -- Technology stocks were advancing premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) advancing by 1.1% and the State Street SPDR S&P Semiconductor ETF ( XSD ) up 1.6%.

Taiwan Semiconductor Manufacturing ( TSM ) is accelerating the expansion of its Arizona chip manufacturing operations to capitalize on a multi-year artificial intelligence demand trend, Chief Financial Officer Wendell Huang said in an interview with CNBC. Shares of Taiwan Semiconductor Manufacturing ( TSM ) were up more than 2% pre-bell.

Alibaba Group ( BABA ) stock was up more than 3% after the company said it will soon release the open-weight version of its new Qwen3.8 artificial intelligence model.

Meta Platforms ( META ) is set to go on trial in Tennessee on Monday over allegations that it violated the state's consumer protection law by knowingly designing Instagram in a way that drives teens to compulsive use and misleading the public about its safety, Reuters reported. Shares of Meta Platforms ( META ) were 0.1% higher pre-bell.