Technology stocks were advancing pre-bell Friday with the SPDR S&P Semiconductor ETF (XSD) 1.4% higher and the Technology Select Sector SPDR Fund (XLK) up 1.4% recently.
Amkor Technology (AMKR) shares advanced by over 5% after the company and Taiwan Semiconductor Manufacturing (TSM) said they agreed to collaborate on advanced packaging and testing capabilities in Arizona.
IonQ (IONQ) shares were up more than 3% after the company said it demonstrated remote ion-ion entanglement, a significant milestone in developing photonic interconnects.
Cisco Systems (CSCO) will soon invest in Nvidia (NVDA)-backed CoreWeave in a transaction that values the cloud services provider at $23 billion, Bloomberg News reported, citing unnamed people familiar with the matter. Cisco Systems shares were up 0.6% premarket.
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