09:15 AM EDT, 05/12/2025 (MT Newswires) -- Technology stocks were rising premarket Monday, with The Technology Select Sector SPDR Fund (XLK) up 4.3% and the SPDR S&P Semiconductor ETF ( XSD ) 4.5% higher.

Qualcomm's ( QCOM ) deadline to make a firm offer for Alphawave has been further extended to May 27, Alphawave said. Qualcomm ( QCOM ) shares were over 6% higher pre-bell.

Monday.com ( MNDY ) stock was up over 3% after the company posted higher Q1 non-GAAP earnings and revenue in addition to lifting its 2025 sales outlook.

Kaspi.kz (KSPI) shares were down more than 3% after the company cut its 2025 net income growth guidance.