Technology stocks were flat to higher premarket Friday, with The Technology Select Sector SPDR Fund (XLK) up 0.3% and the SPDR S&P Semiconductor ETF (XSD) unchanged.
SoundHound AI (SOUN) stock was up more than 22% after the company reported a narrower Q2 adjusted loss and higher revenue in addition to lifting its 2025 sales outlook.
Take-Two Interactive Software (TTWO) shares were more than 4% higher after the company reported a narrower fiscal Q1 loss as revenue rose during the period.
Microchip Technology (MCHP) stock was down more than 5% after the company posted lower fiscal Q1 adjusted earnings and revenue.
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