Technology stocks were mixed premarket Tuesday with the Technology Select Sector SPDR Fund (XLK) down 0.1% and the SPDR S&P Semiconductor ETF (XSD) 3.9% higher recently.
Ericsson (ERIC) shares rose past 6% after the company reported higher Q1 earnings and net sales.
Applied Digital (APLD) shares declined by over 9% after the company reported fiscal Q3 revenue that missed analysts' expectations.
ON Semiconductor (ON) withdrew its proposal to acquire Allegro MicroSystems (ALGM) for $6.9 billion in cash. Shares of Allegro MicroSystems fell by over 8% premarket.
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