Technology stocks were rising premarket Monday, with The Technology Select Sector SPDR Fund (XLK) up 4.4% and the SPDR S&P Semiconductor ETF (XSD) 4.5% higher.

Qualcomm's (QCOM) deadline to make a firm offer for Alphawave has been further extended to May 27, Alphawave said. Qualcomm shares were over 6% higher pre-bell.