09:04 AM EDT, 10/10/2025 (MT Newswires) -- Technology stocks were edging higher premarket Friday, with the Technology Select Sector SPDR Fund (XLK) advancing by 0.1% and the SPDR S&P Semiconductor ETF ( XSD ) up 0.9%.

Elastic (ESTC) stock was up more than 12% after the company raised its fiscal Q2 and 2026 revenue guidance.

Applied Digital ( APLD ) shares were up more than 26% after the company reported a fiscal Q1 adjusted loss and revenue that beat analyst expectations.

Qualcomm (QCOM) is facing an antitrust probe by China's State Administration for Market Regulation over its recent acquisition of Autotalks, an Israel-based fabless semiconductor company that specializes in vehicle-to-everything communications, the regulator said. Shares of Qualcomm were down more than 1% pre-bell.