<div id="readability-page-1">09:08 AM EST, 12/12/2025 (MT Newswires) -- Technology stocks were falling premarket Friday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.4% and the State Street SPDR S&amp;P Semiconductor ETF ( XSD ) 0.6% lower.Broadcom ( AVGO ) Chief Financial Officer Kristen Spears said in a conference call that the company expects fiscal &#34;Q1 consolidated gross margin to be down approximately 100 basis points sequentially, primarily reflecting a higher mix of AI revenue,&#34; according to a transcript. Shares of Broadcom ( AVGO ) were down more than 5% pre-bell.LightPath Technologies ( LPTH ) shares were down more than 8% after the company reported the start of an offering of Class A common stock.Katapult Holdings ( KPLT ) stock was up more than 28% after the company said t has entered into a definitive agreement with The Aaron's Company and CCF Holdings to combine in an all-stock transaction. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</div>

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Tech stocks fell premarket Friday, with XLK down 0.4% and XSD down 0.6%. Broadcom's CFO expects Q1 gross margin to drop due to AI revenue mix, causing shares to fall over 5%. LightPath Technologies shares dropped over 8% after announcing a stock offering. Katapult Holdings rose over 28% after agreeing to merge with The Aaron's Company and CCF Holdings in an all-stock deal.

Sector Update: Tech Stocks Fall Premarket Friday