09:10 AM EDT, 07/22/2026 (MT Newswires) -- Technology stocks were falling premarket Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) down 1.3% and the State Street SPDR S&P Semiconductor ETF ( XSD ) 2.6% lower.

Super Micro Computer ( SMCI ) stock was up more than 12% after the company said it expects fiscal Q4 GAAP and non-GAAP gross margins in the range of 15% to 17%, significantly above its 8.2% to 8.4% forecast due to a favorable customer and product mix

Monday.com ( MNDY ) has implemented a restructuring plan that would reduce its workforce by about 20%, the company said in a filing. Shares of Monday.com ( MNDY ) were up more than 2% pre-bell.

Nvidia ( NVDA ) has launched US mass production of its GB300 Grace Blackwell Ultra Superchip through a new $700 million Wistron manufacturing facility opened in Fort Worth, Texas, the latter said. Nvidia ( NVDA ) stock was 0.9% lower premarket.