Sector Update: Tech Stocks Rise Premarket Wednesday
Technology stocks rose premarket Wednesday, with The Technology Select Sector SPDR Fund up 0.5% and the SPDR S&P Semiconductor ETF advancing 0.7%.Intel has sold its stake in British chip company Arm Holdings , a regulatory filing showed. Arm Holdings shares were up over 2% pre-bell.Riskified stock was over 2% higher after the company reported higher Q2 non-GAAP earnings and revenue.Core Scientific shares were up over 2% after the company priced a private offering of $400 million of 3% convertible senior unsecured notes due 2029, upsized from $350 million.
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