09:06 AM EDT, 06/05/2024 (MT Newswires) -- Technology stocks were advancing premarket Wednesday as the Technology Select Sector SPDR Fund ( XLK ) was up 0.7% and the iShares Expanded Tech Sector ETF ( IGM ) was 1.7% higher recently.

SAP (SAP) said it has entered a definitive agreement to acquire digital adoption platform company WalkMe ( WKME ) for an equity value of about $1.5 billion. WalkMe ( WKME ) rallied past 42% pre-bell.

Hewlett Packard Enterprise ( HPE ) rose past 15% after the company reported stronger-than-expected sales and earnings for fiscal Q2 while raising its guidance for the full financial year.

CrowdStrike ( CRWD ) was up over 11% after the company reported a stronger-than-expected jump in fiscal Q1 earnings as sales surged more than forecast and raised its fiscal 2025 guidance.