Sector Update: Tech Stocks Flat to Higher Premarket Tuesday

From Nasdaq
September 17, 2024 09:06:55 AM:

Technology stocks, including SPDR S&P Semiconductor ETF (XSD) and Technology Select Sector SPDR Fund (XLK), were steady or slightly higher in premarket trading on Tuesday.

SES AI (SES) saw its shares surge by over 34% after announcing a project to speed up material discovery in electric vehicles using Crusoe’s cloud platform powered by Nvidia (NVDA) and Supermicro (SMCI).

MicroStrategy (MSTR) stock rose by more than 2% following its announcement of a plan to raise $700 million through a private offering of convertible senior notes due in 2028.

Palantir Technologies (PLTR) shares climbed over 2% after securing a multi-year agreement with Nebraska Medicine to improve healthcare using its artificial intelligence platform.

Read more at Nasdaq: Sector Update: Tech Stocks Flat to Higher Premarket Tuesday