Sector Update: Tech Stocks Decline Premarket Tuesday
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Technology stocks are declining premarket, with the State Street Technology Select Sector SPDR Fund down 0.9% and the SPDR S&P Semiconductor ETF down 1.5%. Agilysys shares rose over 25% after reporting strong fiscal Q4 earnings. Bilibili stock fell over 6% despite higher Q1 profits. Analog Devices is in talks to acquire Empower Semiconductor for $1.5 billion, with its shares down over 1%.
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