09:03 AM EST, 11/06/2024 (MT Newswires) -- Technology stocks rose in Wednesday's premarket hours with the Technology Select Sector SPDR Fund ( XLK ) up 1.7% and the SPDR S&P Semiconductor ETF ( XSD ) 3.6% higher recently.

Super Micro Computer ( SMCI ) shares fell by 19% after the company reported preliminary fiscal Q1 net sales and issued fiscal Q2 guidance that missed analysts' expectations. The company also remains delinquent on its form 10-K filing for the fiscal year ended June 30.

Vertex (VERX) shares advanced by over 4% after the company reported higher Q3 non-GAAP earnings and revenue. The company also raised its 2024 revenue outlook.

Aspen Technology ( AZPN ) shares were up more than 3% after the company said it received an unsolicited takeover offer from Emerson Electric ( EMR ) for $240 per share in cash.