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Sector Update: Tech Stocks Flat to Lower Premarket Tuesday
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Sector Update: Tech Stocks Flat to Lower Premarket Tuesday
Feb 11, 2025 6:26 AM

09:09 AM EST, 02/11/2025 (MT Newswires) -- Technology stocks were flat to lower premarket Tuesday as the SPDR S&P Semiconductor ETF ( XSD ) was inactive and the Technology Select Sector SPDR Fund (XLK) was down 0.7% recently.

GlobalFoundries ( GFS ) shares fell by over 7% after the company reported lower Q4 adjusted earnings and net revenue.

Leidos Holdings ( LDOS ) shares were up over 5% after the company reported higher fiscal Q4 non-GAAP earnings and revenue.

GDS Holdings ( GDS ) is looking into an initial public offering in the US of its GDS International business for about $500 million, Bloomberg News reported, citing unnamed people familiar with the matter. GDS Holdings ( GDS ) shares were over 2% higher pre-bell.

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