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Sector Update: Tech Stocks Steady Premarket Friday
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Sector Update: Tech Stocks Steady Premarket Friday
Sep 6, 2024 6:49 AM

09:09 AM EDT, 09/06/2024 (MT Newswires) -- Technology stocks were steady premarket Friday as the SPDR S&P Semiconductor ETF ( XSD ) was inactive and the Technology Select Sector SPDR Fund ( XLK ) was recently down 0.2%.

Broadcom ( AVGO ) shares fell more than 6% after the company late Thursday guided for fiscal Q4 revenue of about $14 billion, narrowly missing the $14.04 billion forecast from analysts polled by Capital IQ.

Samsara (IOT) shares advanced nearly 7% after the company late Thursday reported higher fiscal Q2 non-GAAP earnings and revenue.

Smartsheet ( SMAR ) shares rose past 5% after it reported higher fiscal Q2 non-GAAP earnings and revenue Thursday. The company also raised its fiscal 2025 non-GAAP EPS forecast.

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