09:10 AM EDT, 03/20/2024 (MT Newswires) -- Technology stocks were mixed premarket Wednesday as the Technology Select Sector SPDR Fund ( XLK ) was down 0.06% and the SPDR S&P Semiconductor ETF ( XSD ) was recently advancing by 0.5%.

Pinduoduo's (PDD) shares were rallying past 17% after the company reported higher Q4 non-GAAP earnings and revenue.

Sportradar Group's ( SRAD ) shares were up more than 7% after reporting that it swung to Q4 earnings as revenue increased during the period.

Intel's ( INTC ) shares were nearly 3% higher after the company and the US Department of Commerce signed a non-binding preliminary memorandum of terms for up to $8.5 billion in direct funding to Intel ( INTC ) for commercial semiconductor projects under the CHIPS and Science Act.