09:05 AM EDT, 10/07/2025 (MT Newswires) -- Technology stocks were advancing premarket Tuesday, with the Technology Select Sector SPDR Fund (XLK) up 0.6% and the SPDR S&P Semiconductor ETF ( XSD ) 1.6% higher.

International Business Machines ( IBM ) and Anthropic said they will form a partnership to integrate the Claude family of large language models into the technology company's software portfolio. IBM ( IBM ) shares rose more than 3% pre-bell.

Dell Technologies ( DELL ) stock was up over 6% after the company said it has raised its annual revenue growth target to a range of 7% to 9% from 3% to 4%.

Iren ( IREN ) shares were up more than 8% after the company said it has signed additional multiyear cloud services contracts with AI companies for Nvidia ( NVDA ) Blackwell graphics processing units deployments.