Technology stocks advanced premarket Thursday with the Technology Select Sector SPDR Fund (XLK) up 0.7% and the SPDR S&P Semiconductor ETF (XSD) 1.8% higher recently.

Taiwan Semiconductor Manufacturing (TSM) shares rose by nearly 3% after the company reported higher Q1 earnings and net sales.

Palantir Technologies (PLTR) shares were up nearly 2% after the company said Anthropic will use its FedStart offering to make Anthropic's Claude application available to the government sector at FedRAMP High and DoD Impact Level 5 security standards.

Infosys (INFY) shares were down nearly 4% after the company reported a decline in fiscal Q4 earnings.