Technology stocks were rallying pre-bell Thursday as the Technology Select Sector SPDR Fund (XLK) was 1.1% higher and the SPDR S&P Semiconductor ETF (XSD) was recently climbing by 1.2%.
Nvidia (NVDA) gained more than 6% after it reported fiscal Q2 non-GAAP earnings of $2.70 per share, up from $0.51 a year earlier. Analysts surveyed by Capital IQ expected $2.09 per share.
Autodesk (ADSK) was nearly 7% higher after it reported fiscal Q2 non-GAAP diluted earnings of $1.91 per share, up from $1.65 a year earlier. Analysts polled by Capital IQ expected $1.73 normalized.
Splunk (SPLK) was climbing past 13% after it reported fiscal Q2 non-GAAP earnings of $0.71 per diluted share, up from $0.09 a year earlier. Analysts polled by Capital IQ expected $0.45.
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