Sector Update: Tech Stocks Advance Pre-Bell Friday

MT Newswires Live

Oct 04, 2024

Technology stocks were advancing pre-bell Friday with the SPDR S&P Semiconductor ETF (XSD) 1.4% higher and the Technology Select Sector SPDR Fund (XLK) up 1.4% recently.

Amkor Technology (AMKR) shares advanced by over 5% after the company and Taiwan Semiconductor Manufacturing (TSM) said they agreed to collaborate on advanced packaging and testing capabilities in Arizona.

IonQ (IONQ) shares were up more than 3% after the company said it demonstrated remote ion-ion entanglement, a significant milestone in developing photonic interconnects.

Cisco Systems (CSCO) will soon invest in Nvidia (NVDA)-backed CoreWeave in a transaction that values the cloud services provider at $23 billion, Bloomberg News reported, citing unnamed people familiar with the matter. Cisco Systems shares were up 0.6% premarket.

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Cisco Systems shares were up 0.6% premarket.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0823421416.USD","symbol_name":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) INC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2472951098","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2472951098","pubTimestamp":1728047650,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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