09:11 AM EDT, 05/23/2024 (MT Newswires) -- Technology stocks were mixed premarket Thursday with the Technology Select Sector SPDR Fund ( XLK ) up 1.3% and the SPDR S&P Semiconductor ETF ( XSD ) 5.1% lower recently.

Nvidia ( NVDA ) was up over 6% after the company reported higher fiscal Q1 earnings and sales which also topped market expectations.

Snowflake (SNOW) rose past 4% after it reported higher-than-expected growth in fiscal Q1 sales, outweighing the moderate decline in earnings.

GlobalFoundries ( GFS ) was down by nearly 8% after the company said a secondary public offering of $950 million of its ordinary shares was priced at $50.75 apiece.