09:11 AM EDT, 09/26/2024 (MT Newswires) -- Technology stocks were advancing premarket Thursday with the Technology Select Sector SPDR Fund ( XLK ) up 2% and the SPDR S&P Semiconductor ETF ( XSD ) 0.8% higher recently.

Micron Technology ( MU ) shares rose past 18% following multiple price target increases as the company reported higher-than-expected fiscal Q4 non-GAAP earnings and revenue.

Jabil ( JBL ) shares were up 8% after the company reported lower fiscal Q4 core earnings and net revenue that still topped estimates from analysts polled by Capital IQ.

Accenture ( ACN ) shares advanced by over 5% after the company reported higher fiscal Q4 adjusted earnings and revenue. The company also increased its quarterly dividend by 15% to $1.48 per share and its board approved an additional share buyback authority of $4 billion.