Sector Update: Tech Stocks Advance Premarket Wednesday

MT Newswires Live12-11

Technology stocks were advancing premarket Wednesday, with The Technology Select Sector SPDR Fund (XLK) up 0.6% and the SPDR S&P Semiconductor ETF (XSD) 0.4% higher.

Rigetti Computing (RGTI) shares were up past 17% after the company and Quantum Machines said they have successfully automated the calibration of a quantum computer using artificial intelligence.

Cognyte Software (CGNT) stock was over 5% higher after the company reported a swing to fiscal Q3 non-GAAP earnings as revenue increased and also lifted its fiscal 2025 outlook.

Photronics (PLAB) shares were up 4% after the company reported fiscal Q4 non-GAAP earnings and revenue that beat analyst expectations.

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