09:07 AM EDT, 05/07/2024 (MT Newswires) -- Technology stocks were edging higher premarket Tuesday as the SPDR S&P Semiconductor ETF ( XSD ) was inactive and the Technology Select Sector SPDR Fund ( XLK ) was 0.2% higher recently.

Palantir Technologies ( PLTR ) fell more than 11% after the company's Q1 results showed a sharp sequential slowdown in US commercial revenue growth.

GlobalFoundries ( GFS ) was up more than 4% after it posted lower Q1 adjusted earnings and net revenue that still topped market expectations.

Datadog ( DDOG ) was nearly 11% lower even after it reported higher Q1 non-GAAP net income and revenue.