09:10 AM EDT, 09/29/2025 (MT Newswires) -- Technology stocks were edging higher premarket Monday, with the Technology Select Sector SPDR Fund (XLK) advancing by 0.7% and the SPDR S&P Semiconductor ETF ( XSD ) up 1.2%.

Electronic Arts ( EA ) shares were up more than 5% after the company said it has agreed to be acquired by an investor consortium comprised of Saudi Arabia's Public Investment Fund, Silver Lake and Affinity Partners in an all-cash transaction valued at about $55 billion.

ACM Research ( ACMR ) shares were up more than 5% after the company said its operating subsidiary ACM Research Shanghai's total backlog increased 34.1% from a year earlier to 9.07 billion Chinese renminbi ($1.27 billion), as of Monday.

International Business Machines ( IBM ) will commit about 20,000 hours of technical resources valued at about $5 million to support the growth of Datavault AI's ( DVLT ) platform build and go-to-market initiatives, Datavault AI ( DVLT ) said. Datavault AI ( DVLT ) stock was up more than 19% pre-bell.