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Sector Update: Tech Stocks Flat to Lower Premarket Wednesday
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Sector Update: Tech Stocks Flat to Lower Premarket Wednesday
Nov 27, 2024 6:33 AM

09:05 AM EST, 11/27/2024 (MT Newswires) -- Technology stocks were flat to lower premarket Wednesday as the SPDR S&P Semiconductor ETF ( XSD ) was inactive and the Technology Select Sector SPDR Fund (XLK) was down 0.6% recently.

Dell Technologies ( DELL ) shares fell past 12% after the company late Tuesday reported fiscal Q3 revenue that missed market expectations.

Symbotic ( SYM ) shares declined 32% after the company said it has submitted a notification of late filing for its annual report for the fiscal year ending Sept. 28, 2024 and lowered its revenue outlook for fiscal Q1.

Ambarella ( AMBA ) shares were up nearly 19% after the company reported late Tuesday a swing to Q3 non-GAAP net income as revenue increased during the period.

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