Sector Update: Tech Stocks Mixed Premarket Friday

MT Newswires Live

Jan 10

Technology stocks were mixed premarket Friday, with The Technology Select Sector SPDR Fund (XLK) down 1.2% and the SPDR S&P Semiconductor ETF (XSD) 0.1% higher.

Penguin Solutions (PENG) shares were up past 11% after the company said it has signed a collaboration deal with SK Telecom and SK hynix focused on the development of artificial intelligence data center offerings and services.

Taiwan Semiconductor Manufacturing (TSM) shares were up 0.3% after the company said its revenue rose to about 278.16 billion Taiwanese dollars ($8.46 billion) in December from 276.06 billion Taiwanese dollars a month earlier.

ChipMOS Technologies (IMOS) shares were 0.7% lower after the company reported Q4 revenue of 5.40 billion new Taiwan dollars ($164.7 million), down from NT$5.73 billion a year earlier.

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