Sector Update: Tech Stocks Lean Lower Premarket Tuesday

MT Newswires Live11-19

Technology stocks were lower premarket Tuesday as the Technology Select Sector SPDR Fund (XLK) declined by 1% and the SPDR S&P Semiconductor ETF (XSD) was down 1% recently.

Super Micro Computer (SMCI) shares rose past 25% after the company said it appointed BDO USA as its independent auditor, effective immediately, and submitted a plan to Nasdaq for a time extension to regain compliance with the exchange's continued listing requirements.

Weibo (WB) shares were up over 4% after the company reported an increase in Q3 net revenue.

Sony Group (SONY) is in talks to acquire Japanese publisher Kadokawa and a deal could be finalized in the coming weeks if discussions are successful, multiple media outlets reported. Sony Group shares were 0.7% higher pre-bell.

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