09:07 AM EDT, 06/05/2025 (MT Newswires) -- Technology stocks were advancing premarket Thursday as the Technology Select Sector SPDR Fund (XLK) was 0.2% higher and the SPDR S&P Semiconductor ETF ( XSD ) was up 0.8% recently.

MongoDB ( MDB ) shares were advancing by more than 18% after the company reported higher fiscal Q1 non-GAAP earnings and revenue and raised its fiscal 2026 outlook.

Verint Systems ( VRNT ) shares were up more than 18% after the company reported fiscal Q1 non-GAAP earnings and revenue that topped analysts' expectations.

CoreWeave ( CRWV ) said in a regulatory filing that it now owns 5.5%, or 13.1 million shares, of Applied Digital ( APLD ) . Shares of Applied Digital ( APLD ) were more than 5% higher pre-bell.