Sector Update: Tech Stocks Rise Pre-Bell Wednesday

MT Newswires Live08-12 21:10

Technology stocks were rising pre-bell Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1.4% and the State Street SPDR S&P Semiconductor ETF (XSD) 3.5% higher.

Lumentum Holdings (LITE) shares were up more than 8% after the company reported higher fiscal Q4 adjusted net income and net revenue, and issued fiscal Q1 outlook above analysts' expectations.

Nebius (NBIS) stock was up more than 16% after the company reported Q2 revenue of $582.3 million, rising from $105.1 million a year earlier.

CoreWeave (CRWV) shares were up more than 19% after the company posted a surge in Q2 revenue, increasing to $2.58 billion from $1.21 billion a year earlier.

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