Technology stocks were mixed premarket Tuesday, with the Technology Select Sector SPDR Fund (XLK) recently down 0.5% while the SPDR S&P Semiconductor ETF (XSD) gaining 1.1%.
Intel (INTC) will provide foundry services and manufacturing capacity to support Tower Semiconductor (TSEM) as part of an agreement that will see Tower invest up to $300 million in Intel’s manufacturing facility in New Mexico, the companies said. Tower Semiconductor was recently climbing past 2%.
Baidu (BIDU) rolled out more than 10 new artificial intelligence-based applications including WPS AI, a generative AI-integrated word processing app, CNBC reported, citing the company’s announcement at an event. Baidu was more than 1% lower pre-bell.
Trivago (TRVG) was slightly advancing amid plans to issue a one-time extraordinary dividend totaling about 184 million euros ($197.5 million), or about 0.53 euro per share, later this year as it expects a decrease in profitability for the year amid planned brand marketing investments.
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