Technology stocks were rising premarket Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.5% and the iShares Semiconductor ETF (SOXX) advancing by 0.4%.

Hewlett Packard Enterprise (HPE) shares were up more than 6% after the company raised its fiscal 2027 revenue growth outlook for its networking segment and secured a $1.2 billion order from Vultr to deploy AMD Helios AI Rack by HPE systems at its cloud data centers in the US.