Sector Update: Tech Stocks Fall Pre-Bell Wednesday
MT newswire2026/10/07 13:1609:16 AM EDT, 10/07/2026 (MT Newswires) -- Technology stocks were falling pre-bell Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.8% and the iShares Semiconductor ETF (SOXX) declining by 1.9%. Advanced Micro Devices (AMD) is pursuing a collaboration with Samsung Electronics in memory and chip manufacturing, multiple outlets reported, citing Chief Executive Lisa Su and an unnamed person familiar with the matter. AMD shares were down nearly 2% premarket. CoreWeave (CRWV) said it plans to enter India with a new AI data center project at AdaniConneX's Taloja campus in Navi Mumbai. CoreWeave stock was down 1.6% pre-bell. Alphabet's (GOOG, GOOGL) Google and Unity (U) have agreed to a partnership to create a new artificial intelligence gaming platform that is slated to launch later this year, the companies said. Shares of Unity Software were up more than 3% premarket.
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Goldman Sachs upgrades Palantir (PLTR.US) to "Buy" with a price target of $230, optimistic about AI growth continuing through 2027.
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