09:06 AM EDT, 04/10/2024 (MT Newswires) -- Technology stocks were declining premarket Wednesday, with the SPDR S&P Semiconductor ETF ( XSD ) 2.3% lower and the Technology Select Sector SPDR Fund ( XLK ) recently down 1.5%.

SMART Global Holdings ( SGH ) was more than 7% lower after the company's fiscal Q2 earnings sank by more than half and net sales plummeted from a year earlier.

Aehr Test Systems ( AEHR ) fell more than 4% after reporting that it swung to a loss in fiscal Q3 and net revenue more than halved.

Taiwan Semiconductor Manufacturing ( TSM ) was 0.3% higher after it reported a Q1 revenue of 592.64 billion new Taiwanese dollars ($18.53 billion), up from NT$508.63 billion a year earlier.