Technology stocks advanced premarket Thursday with the Technology Select Sector SPDR Fund (XLK) up 0.3% and the SPDR S&P Semiconductor ETF (XSD) 0.6% higher recently.
Analog Devices (ADI) shares advanced by over 3% after the company reported higher fiscal Q2 adjusted earnings and revenue.
Kanzhun (BZ) shares were down more than 2% after the company issued a Q2 revenue outlook below analysts' expectations.
Navitas Semiconductor (NVTS) shares soared by over 163% after the company said its technology was chosen by Nvidia (NVDA) for its 800 V HVDC architecture to support Kyber rack-scale systems powering its graphics processing units.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.