Sector Update: Tech Stocks Advance Premarket Tuesday
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Technology stocks are rising in premarket trading, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) up 0.9%. nLIGHT (LASR) shares increased over 6% after reporting Q4 revenue of $78-$80 million, exceeding guidance. GDS Holdings (GDS) announced a $385 million share repurchase agreement, but its shares fell over 3%. Concentrix (CNXC) shares dropped more than 8% following disappointing Q4 earnings and a lower outlook for Q1 and 2026.
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