09:09 AM EDT, 08/23/2024 (MT Newswires) -- Technology stocks were mixed premarket Friday with the Technology Select Sector SPDR Fund ( XLK ) up about 1% and the SPDR S&P Semiconductor ETF ( XSD ) 0.8% lower recently.

Workday (WDAY) shares were nearly 14% higher after it reported an increase in fiscal Q2 earnings and sales, beating market expectations.

Qualcomm ( QCOM ) said its subsidiary Qualcomm Technologies has entered a definitive agreement to buy Sequans Communications' ( SQNS ) 4G Internet of Things technologies for $200 million. Sequans Communications ( SQNS ) shares surged around 160% pre-bell.

Bill Holdings ( BILL ) shares were up almost 4% after it reported a stronger-than-forecast increase in fiscal Q4 earnings and sales.