Sector Update: Tech Stocks Decline Pre-Bell Tuesday

MT newswire2026/09/22 13:12

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09:12 AM EDT, 09/22/2026 (MT Newswires) -- Technology stocks were declining pre-bell Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.2% and the iShares Semiconductor ETF (SOXX) 1.2% lower. Alibaba's (BABA) latest Zhenwu V900 AI training and inference processor offers three times the performance of its predecessor, the company said. The product is scheduled for mass production and commercial release in Q1. Shares of Alibaba Group Holding were up nearly 4% premarket. Marvell Technology (MRVL) and AT&S agreed to expand their collaboration, with AT&S to increase capacity for integrated circuit substrates used in artificial intelligence and cloud infrastructures, according to a statement. Marvell Technology shares were down nearly 2% pre-bell. BlackBerry's (BB) QNX unit and Vector said Coretura has selected Alloy Kore to advance its vehicle platform. BlackBerry stock was up more than 7% premarket.

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