Technology stocks fell premarket Monday with the Technology Select Sector SPDR Fund (XLK) down 1.8% and the SPDR S&P Semiconductor ETF (XSD) 2.5% lower recently.
ARM Holdings (ARM) expects its share of the worldwide market for data center central processing units to surge to 50% by the end 2025, up from about 15% in 2024, Reuters quoted a senior executive as saying. Shares of ARM Holdings were down over 3% pre-bell.
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