09:13 AM EDT, 03/12/2026 (MT Newswires) -- Technology stocks were declining premarket Thursday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.7% and the State Street SPDR S&P Semiconductor ETF ( XSD ) 0.4% lower.

Xunlei ( XNET ) stock was up more than 12% after the company posted a higher Q4 net revenue.

Baidu's ( BIDU ) autonomous ride-hailing unit Apollo Go has awarded RoboSense an exclusive design win to supply a factory-installed digital LiDAR suite for its next-generation robotaxi fleet, RoboSense said. Shares of Baidu ( BIDU ) were down 1.5% premarket.

Atlassian ( TEAM ) plans to shed 10% of its workforce, or about 1,600 employees, as it shifts investment toward AI and enterprise sales. Atlassian ( TEAM ) stock was 1% higher pre-bell.