09:08 AM EDT, 05/04/2026 (MT Newswires) -- Technology stocks were edging higher premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) and State Street SPDR S&P Semiconductor ETF (XSD) advancing by 0.2%.

SAP (SAP) stock was up more than 1% after the company said it agreed to acquire Dremio and Prior Labs in separate deals aimed at strengthening its enterprise AI and data capabilities.

Datavault AI (DVLT) stock was down more than 19% after the company said it has agreed to sell 109.1 million common shares in a registered direct offering to institutional investors for gross proceeds of about $60 million.

Blaize (BZAI) signed a strategic partnership agreement with Winmate to integrate its AI chips into systems for defense and critical infrastructure, targeting about $15 million in first-year business, the company said. Shares of Blaize were up more than 19% pre-bell.