Technology stocks were rising pre-bell Thursday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1.6% and the State Street SPDR S&P Semiconductor ETF (XSD) 3.9% higher.

Applied Materials (AMAT) is seeing stronger long-term visibility into semiconductor equipment demand as major chipmakers share production plans extending well beyond 2027, Nikkei Asia reported, citing CEO Gary Dickerson. Shares of Applied Materials were up more than 8% premarket.