Sector Update: Tech Stocks Mixed Pre-Bell Tuesday

MT Newswires Live

2025/08/12

Technology stocks were mixed pre-bell Tuesday, with the Technology Select Sector SPDR Fund (XLK) up 0.5% and the iShares Expanded Tech Sector ETF (IGM) 0.6% lower recently.

Intel (INTC) CEO Lip-Bu Tan met with President Donald Trump, along with Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent, Trump said on Truth Social. Shares of Intel were up more than 3% premarket.

BigBear.ai (BBAI) stock was down more than 31% after the company reported a wider Q2 net loss as revenue declined during the period. BigBear.ai also cut its 2025 revenue outlook.

Tencent Music Entertainment Group (TME) shares were up nearly 7% after the company posted higher Q2 non-IFRS earnings and revenue.

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