09:10 AM EDT, 04/28/2025 (MT Newswires) -- Technology stocks leaned lower premarket Monday as the Technology Select Sector SPDR Fund (XLK) was down 0.2% and the SPDR S&P Semiconductor ETF ( XSD ) fell by 2.8% recently.

Opera (OPRA) shares were up over 9% after the company reported higher Q1 adjusted net income and revenue. The company also raised its 2025 revenue guidance.

China's Huawei Technologies is preparing to test its latest artificial intelligence processor that it hopes could replace certain higher-end products of US chipmaking giant Nvidia ( NVDA ) , The Wall Street Journal reported, citing people familiar with the matter. Shares of Nvidia ( NVDA ) were 1% lower pre-bell.

Roper Technologies ( ROP ) shares fell past 1% even after the company reported higher Q1 adjusted earnings and revenue, and raised its 2025 outlook.