09:12 AM EDT, 05/13/2026 (MT Newswires) -- Technology stocks were rising pre-bell Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) 0.9% higher and the State Street SPDR S&P Semiconductor ETF (XSD) up 2.2%.

Nebius Group (NBIS) stock was up more than 16% after the company posted higher Q1 earnings and revenue.

Tower Semiconductor (TSEM) shares were up more than 16% after the company said it signed silicon photonics customer contracts representing $1.3 billion in expected 2027 revenue and received $290 million in customer prepayments tied to capacity reservations. Tower Semiconductor also posted higher Q1 adjusted earnings and revenue.

Vishay Intertechnology (VSH) stock was up more than 6% after the company reported that it swung to a profit in fiscal Q1 as revenue increased during the period.