09:09 AM EDT, 07/17/2026 (MT Newswires) -- Technology stocks were falling pre-bell Friday, with the State Street Technology Select Sector SPDR Fund (XLK) down 2.3% and the State Street SPDR S&P Semiconductor ETF ( XSD ) 3.2% lower.

Cadence Design Systems ( CDNS ) and Rapidus will jointly work to advance "agentic AI" for advanced-node system-on-chip design under a new collaboration. Shares of Cadence Design Systems ( CDNS ) were down more than 6% premarket.

IPG Photonics ( IPGP ) shares were down more than 4% after the company said it signed a binding offer to acquire France-based Lumibird Medical for 300 million euros ($343.2 million) in cash, with up to 50 million euros in additional earnout payments tied to 2026 and 2027 performance.

Docebo ( DCBO ) stock was up more than 5% after the company raised its preliminary Q2 total revenue outlook and 2026 revenue guidance.