09:16 AM EDT, 05/24/2024 (MT Newswires) -- Technology stocks were rising premarket Friday, with the SPDR S&P Semiconductor ETF ( XSD ) up 5.4% and the Technology Select Sector SPDR Fund ( XLK ) 0.3% higher.

Workday (WDAY) shares were down more than 10% after the company cut its fiscal 2025 subscription-revenue guidance.

Domo ( DOMO ) stock was nearly 9% lower after the company reported a fiscal Q1 non-GAAP loss of $0.33 per share, widening from a loss of $0.17 a year earlier.

Micron Technology ( MU ) was ordered by a jury to pay $445 million in damages to Netlist in a patent infringement case, a legal document issued by the District Court in the Eastern District of Texas showed. Micron Technology ( MU ) shares were up more than 1% pre-bell.