09:08 AM EDT, 05/22/2025 (MT Newswires) -- Technology stocks advanced premarket Thursday with the Technology Select Sector SPDR Fund (XLK) up 0.3% and the SPDR S&P Semiconductor ETF ( XSD ) 0.6% higher recently.

Analog Devices ( ADI ) shares advanced by over 3% after the company reported higher fiscal Q2 adjusted earnings and revenue.

Kanzhun ( BZ ) shares were down more than 2% after the company issued a Q2 revenue outlook below analysts' expectations.

Navitas Semiconductor ( NVTS ) shares soared by over 163% after the company said its technology was chosen by Nvidia ( NVDA ) for its 800 V HVDC architecture to support Kyber rack-scale systems powering its graphics processing units.