09:06 AM EDT, 04/30/2025 (MT Newswires) -- Technology stocks fell premarket Wednesday as the Technology Select Sector SPDR Fund (XLK) was down 2.1% and the SPDR S&P Semiconductor ETF ( XSD ) was 2.4% lower recently.

Garmin ( GRMN ) shares declined by 8% after the company reported Q1 non-GAAP earnings per share that missed analysts' expectations.

Super Micro Computer ( SMCI ) shares fell by over 19% after the company lowered its fiscal Q3 non-GAAP EPS and net sales guidance.

ASE Technology Holding ( ASX ) shares were down more than 2% even after the company reported higher Q1 earnings and revenue.