09:12 AM EDT, 05/27/2026 (MT Newswires) -- Technology stocks were rising premarket Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1% and the State Street SPDR S&P Semiconductor ETF ( XSD ) advancing by 3%.

Micron Technology ( MU ) shares were up more than 7%, extending gains after the company's market capitalization eclipsed $1 trillion for the first time on Tuesday.

Iren ( IREN ) has entered a $1.6 billion purchase agreement with Dell (DELL) for air-cooled Blackwell systems, the company said. Iren ( IREN ) shares were up more than 3% pre-bell.

Zscaler ( ZS ) stock was down more than 23% after the company issued a fiscal Q4 revenue outlook that narrowly missed analysts' expectations.