Technology stocks rose premarket Monday as the Technology Select Sector SPDR Fund (XLK) was up 0.5% and the SPDR S&P Semiconductor ETF (XSD) was 3.4% higher recently.

Nvidia (NVDA) and Broadcom (AVGO) are conducting manufacturing tests with Intel (INTC), Reuters reported, citing two sources familiar with the matter. Intel advanced by over 6% premarket.