09:10 AM EDT, 04/08/2026 (MT Newswires) -- Technology stocks were rising premarket Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) 4.1% higher and the State Street SPDR S&P Semiconductor ETF ( XSD ) up 4.4%.

Micron Technology ( MU ) and Sandisk ( SNDK ) shares were advancing after fellow memory chipmaker Samsung Electronics projected increased Q1 sales and profits. Micron Technology ( MU ) stock was up more than 8% and Sandisk ( SNDK ) shares rose by 9% pre-bell.

United Microelectronics ( UMC ) stock was up more than 3% after the company reported net sales of 20.83 billion New Taiwan dollars ($655.1 million) in March, up 4.9% from a year earlier.

Grab (GRAB) expects its artificial intelligence-powered products and services to help the company weather challenges related to increasing fuel costs and drive growth, Reuters reported, citing Grab Chief Executive Anthony Tan. Grab shares were up more than 8% premarket.