Technology stocks were rising premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1.5% and the State Street SPDR S&P Semiconductor ETF (XSD) 1.3% higher.

Palantir Technologies (PLTR) said it teamed with Nvidia (NVDA) to release an intelligent engine for operating artificial intelligence models within sovereign environments, including secure US government networks. Separately, Palantir said it has expanded its partnership with air mobility platform Surf Air Mobility (SRFM). Shares of Palantir Technologies were up more than 3% pre-bell.