Technology stocks were declining premarket Thursday, with the Technology Select Sector SPDR Fund (XLK) down 0.7% and the SPDR S&P Semiconductor ETF (XSD) 0.8% lower.

NetEase (NTES) shares were down 8% after the company reported Q2 non-GAAP earnings and net revenue that missed analysts' estimates.

Cellebrite DI (CLBT) shares were up more than 1% after the company posted higher Q2 non-GAAP earnings and revenue.

QXO (QXO) stock was up more than 1% after the company reported Q2 adjusted earnings above analysts' expectations and higher net sales.