Technology stocks were declining premarket Thursday, with the Technology Select Sector SPDR Fund (XLK) down 1% and the SPDR S&P Semiconductor ETF (XSD) 1.5% lower.

SAP (SAP) is under formal investigation by the European Commission over allegations that it may have engaged in anti-competitive practices in the aftermarket for maintenance and support services in enterprise resource planning software. SAP shares were down more than 2% pre-bell.

Jabil (JBL) stock was down more than 4% even after the company reported higher fiscal Q4 core earnings and net revenue that beat analyst expectations.

BlackBerry (BB) shares were 1.3% lower after the company reported fiscal Q2 adjusted net income of $0.04 per basic share compared with breakeven a year earlier, with revenue increasing 3%. BlackBerry also raised its fiscal 2026 outlook.