Technology stocks were advancing premarket Monday as the Technology Select Sector SPDR Fund (XLK) was up 0.3% and the SPDR S&P Semiconductor ETF (XSD) was 1.7% higher recently.

Nvidia (NVDA) shares were up more than 1% after S&P Dow Jones Indices said Nvidia will replace Intel (INTC) in the Dow Jones Industrial Average effective Friday.

Entegris (ENTG) shares fell past 12% after the company reported lower Q3 net sales that also missed analysts' expectations.

DigitalOcean Holdings (DOCN) shares were down more than 5% after the company issued a Q4 non-GAAP earnings per share outlook that missed analysts' expectations.