09:07 AM EST, 01/14/2025 (MT Newswires) -- Technology stocks rose pre-bell Tuesday with the Technology Select Sector SPDR Fund (XLK) 0.7% higher and the SPDR S&P Semiconductor ETF ( XSD ) up 1.1% recently.

Applied Digital ( APLD ) shares rallied past 22% after the company said it has signed a deal for a $5 billion perpetual preferred equity funding facility with Macquarie.

United Microelectronics ( UMC ) shares were up over 3% after the company said its Fab 12A in Taiwan has been added to the World Economic Forum's Global Lighthouse Network.

ACM Research ( ACMR ) shares advanced by over 6% after the company said it now expects 2024 revenue of $755 million to $770 million, up from its previous guidance range of $725 million to $745 million.