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Sector Update: Tech Stocks Steady Premarket Wednesday
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Sector Update: Tech Stocks Steady Premarket Wednesday
Nov 13, 2024 6:57 AM

09:05 AM EST, 11/13/2024 (MT Newswires) -- Technology stocks were steady premarket Wednesday as the SPDR S&P Semiconductor ETF ( XSD ) was inactive and the Technology Select Sector SPDR Fund (XLK) was down a slight 0.3% recently.

CyberArk Software ( CYBR ) shares gained by more than 1% after the company reported higher Q3 non-GAAP earnings and revenue. The company also raised its 2024 outlook.

Tower Semiconductor ( TSEM ) shares were up over 9% after the company reported higher Q3 adjusted earnings and revenue.

Super Micro Computer ( SMCI ) were down more than 3% after the company said it cannot file its quarterly report for the period ending Sept. 30 on time due to the need for more time to complete financial statements and disclosures.

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