09:09 AM EST, 02/04/2025 (MT Newswires) -- Technology stocks were edging higher premarket Tuesday, with The Technology Select Sector SPDR Fund (XLK) and SPDR S&P Semiconductor ETF ( XSD ) up 0.5%.

Palantir Technologies ( PLTR ) shares were up past 23% after the company reported higher Q4 adjusted earnings and revenue in addition to issuing Q1 and 2025 revenue outlook that surpassed analyst expectations.

Spotify Technology (SPOT) stock was over 8% higher after the company reported that it swung to Q4 earnings as revenue increased during the period.

Gartner ( IT ) shares were up more than 4% after the company posted higher Q4 adjusted earnings and revenue.