09:05 AM EDT, 03/12/2025 (MT Newswires) -- Technology stocks were advancing premarket Wednesday, with The Technology Select Sector SPDR Fund (XLK) up 1.8% and the SPDR S&P Semiconductor ETF ( XSD ) 1.4% higher.

Hello Group ( MOMO ) shares were down more than 10% after the company reported lower Q4 non-GAAP earnings and net revenue.

VNET ( VNET ) shares were up over 7% after the company reported a narrower Q4 net loss as revenue increased during the period.

Sprinklr ( CXM ) shares were over 9% higher after the company posted fiscal Q4 non-GAAP net income and revenue that topped analysts' expectations.