Sector Update: Tech Stocks Rise Pre-Bell Tuesday

MT Newswires Live

01-14

Technology stocks rose pre-bell Tuesday with the Technology Select Sector SPDR Fund (XLK) 0.7% higher and the SPDR S&P Semiconductor ETF (XSD) up 1.1% recently.

Applied Digital (APLD) shares rallied past 22% after the company said it has signed a deal for a $5 billion perpetual preferred equity funding facility with Macquarie.

United Microelectronics (UMC) shares were up over 3% after the company said its Fab 12A in Taiwan has been added to the World Economic Forum's Global Lighthouse Network.

ACM Research (ACMR) shares advanced by over 6% after the company said it now expects 2024 revenue of $755 million to $770 million, up from its previous guidance range of $725 million to $745 million.

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