09:07 AM EDT, 06/18/2024 (MT Newswires) -- Technology stocks were advancing premarket Tuesday, with the Technology Select Sector SPDR Fund ( XLK ) up 0.2% and the iShares Expanded Tech Sector ETF ( IGM ) 1.2% higher.

Quantum (QMCO) shares were down more than 40% after the company reported that it swung to a fiscal 2024 non-GAAP net loss as revenue fell during the period.

Super Micro Computer ( SMCI ) stock was up past 1% after the company said it is launching three new liquid-cooled data center manufacturing facilities in northern California and elsewhere to support intense AI-focused applications.

Itron ( ITRI ) said it priced a private placement to eligible buyers of $700 million of 1.375% convertible senior notes due 2030. Itron ( ITRI ) stock was up 0.1% pre-bell.