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Sector Update: Tech Stocks Mixed Premarket Tuesday
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Sector Update: Tech Stocks Mixed Premarket Tuesday
Apr 9, 2024 6:30 AM

09:07 AM EDT, 04/09/2024 (MT Newswires) -- Technology stocks were mixed premarket Tuesday as the Technology Select Sector SPDR Fund ( XLK ) was up 0.4% and the SPDR S&P Semiconductor ETF ( XSD ) was 1.6% lower recently.

Maxeon Solar Technologies ( MAXN ) was down nearly 11% after it reported preliminary fiscal Q4 revenue of $229 million, compared with its guidance of $220 million to $260 million and below the $236.7 million estimate from analysts surveyed by Capital IQ.

BlackBerry (BB) was up nearly 6% after it unveiled a new precision robotics platform in collaboration with chipmaker AMD (AMD).

Microsoft ( MSFT ) plans to invest $2.9 billion in data centers in Japan by 2025, Nikkei Asia reported, citing an interview with the software giant's president, Brad Smith. Microsoft ( MSFT ) was 0.6% higher in recent premarket activity.

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