Technology stocks advanced premarket Thursday with the Technology Select Sector SPDR Fund (XLK) up 0.3% and the SPDR S&P Semiconductor ETF (XSD) 0.6% higher recently.
Analog Devices (ADI) shares advanced by over 3% after the company reported higher fiscal Q2 adjusted earnings and revenue.
Kanzhun (BZ) shares were down more than 2% after the company issued a Q2 revenue outlook below analysts' expectations.
Navitas Semiconductor (NVTS) shares soared by over 163% after the company said its technology was chosen by Nvidia (NVDA) for its 800 V HVDC architecture to support Kyber rack-scale systems powering its graphics processing units.
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