09:14 AM EDT, 08/07/2026 (MT Newswires) -- Technology stocks were rising premarket Friday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1.8% and the State Street SPDR S&P Semiconductor ETF ( XSD ) 1.9% higher.

Advanced Micro Devices ( AMD ) shares were up more than 2% after the company said it agreed to purchase Taalas to expand its computing capabilities with specialized artificial intelligence processors.

Cloudflare ( NET ) shares were up more than 14% after the company reported stronger-than-expected Q2 results and raised its 2026 guidance.

Take-Two Interactive Software ( TTWO ) stock was up nearly 2% after the company posted higher fiscal Q1 revenue.