09:08 AM EDT, 05/04/2026 (MT Newswires) -- Technology stocks were edging higher premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) and State Street SPDR S&P Semiconductor ETF ( XSD ) advancing by 0.2%.

SAP (SAP) stock was up more than 1% after the company said it agreed to acquire Dremio and Prior Labs in separate deals aimed at strengthening its enterprise AI and data capabilities.

Datavault AI ( DVLT ) stock was down more than 19% after the company said it has agreed to sell 109.1 million common shares in a registered direct offering to institutional investors for gross proceeds of about $60 million.

Blaize ( BZAI ) signed a strategic partnership agreement with Winmate to integrate its AI chips into systems for defense and critical infrastructure, targeting about $15 million in first-year business, the company said. Shares of Blaize ( BZAI ) were up more than 19% pre-bell.