09:11 AM EDT, 08/04/2026 (MT Newswires) -- Technology stocks were rising premarket Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) up 2.1% and the State Street SPDR S&P Semiconductor ETF ( XSD ) 1.3% higher.

Palantir Technologies ( PLTR ) stock was up more than 16% after the company raised its 2026 revenue guidance as Q2 revenue increased year over year.

Spotify Technology ( SPOT ) shares were down more than 5% after the company reported Q2 earnings and revenue that missed analysts' expectations.

On Semiconductor (ON) stock was up more than 6% after the company posted higher Q2 adjusted earnings and revenue.