Technology stocks were rising premarket Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.9% and the State Street SPDR S&P Semiconductor ETF (XSD) 1.9% higher.

Palantir Technologies (PLTR) and the US Department of Agriculture said they have signed a $300 million blanket purchase agreement to support the agency's National Farm Security Action Plan. Shares of Palantir Technologies were up more than 1% pre-bell.

Dell Technologies (DELL) has entered into a $1.44 billion agreement with Boost Run, which is preparing to combine with Willow Lane Acquisition (WLAC), Willow Lane said. Dell Technologies stock was up more than 1% premarket.

Teledyne Technologies (TDY) shares were up more than 1% after the company posted higher Q1 non-GAAP earnings and net sales, and raised its 2026 non-GAAP EPS outlook.