Technology stocks were rallying premarket Tuesday. The Technology Select Sector SPDR ETF (XLK) was up almost 3% and the Semiconductor Sector Index Fund (SOXX) was climbing past 4% recently.
Taiwan Semiconductor Manufacturing (TSM) gained more than 12% after Berkshire Hathaway (BRK.A, BRK-B) reported in a regulatory filing ownership of about 60.1 million American depositary shares in the company that it bought for about $4.12 billion.
Endava (DAVA) was more than 6% higher after it reported fiscal Q1 adjusted earnings of 0.54 British pounds per diluted share ($0.64), up from 0.49 pounds a year earlier. Analysts polled by Capital IQ expected 0.51 pounds.
Corsair Gaming (CRSR) was down 5.5% after it priced an offering of about 4.5 million common shares at $16.50 per share for expected gross proceeds of $75 million.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Image and article originally from www.nasdaq.com. Read the original article here.