Technology stocks were rising pre-bell Monday, with the Technology Select Sector SPDR Fund (XLK) up 1.3% and the SPDR S&P Semiconductor ETF (XSD) 2% higher.

Advanced Micro Devices (AMD) will supply Microsoft (MSFT)-backed OpenAI with 6 gigawatts of graphics processing units as part of a multiyear deal, the companies said. Shares of Advanced Micro Devices were up more than 36% premarket.

OneMedNet (ONMD) said it has selected Palantir Technologies (PLTR) to enhance its AI-powered real-world data platform. Palantir Technologies stock was up more than 2% pre-bell.

Datavault AI (DVLT) shares were up more than 5% after the company said it expects to meet or exceed its H2 revenue guidance of $12 million to $15 million.