09:08 AM EDT, 06/17/2026 (MT Newswires) -- Technology stocks were rising premarket Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1.1% and the State Street SPDR S&P Semiconductor ETF ( XSD ) advancing by 2.1%

Nokia ( NOK ) will expand its advanced semiconductor test and packaging facilities in Allentown, Pennsylvania, to increase the manufacturing of photonic chips for artificial intelligence networks, the company said. Shares of Nokia ( NOK ) were up more than 2% pre-bell.

Applied Optoelectronics ( AAOI ) said its subsidiary, Global Technology, entered into a one-year credit line agreement with Shanghai Pudong Development Bank in China, providing access to up to 500 million renminbi ($74 million) in financing. Applied Optoelectronics ( AAOI ) stock was up more than 3% premarket.

Ouster (OUST) and AIM Intelligent Machines have formed an agreement to retrofit heavy machinery and vehicles into AI-powered fleets for use in mining, construction, and defense sites globally, the companies said. Ouster shares were up more than 2% pre-bell.