Sector Update: Tech Stocks Rise Premarket Monday

09:08 AM EDT, 10/19/2026 (MT Newswires) -- Technology stocks were rising premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1.8% and the State Street SPDR S&P Semiconductor ETF (XSD) advancing by 4.6%. Nvidia (NVDA) is leaning towards using Taiwan Semiconductor Manufacturing's (TSM) 3-nanometer logic process and production capacity in the base die component of its planned high-bandwidth memory chip called NVHBM, Seoul Economic Daily reported, citing industry sources. Nvidia shares were up nearly 2% and Taiwan Semiconductor stock rose past 2% pre-bell. Xanadu Quantum Technologies (XNDU) shares were up more than 3% after the company said it received provisional approval for up to $10 million in project funding under the Defense Advanced Research Projects Agency's Quantum Benchmarking Initiative. Palantir Technologies (PLTR) and Pentagon cloud services provider Knox Systems have formed a new partnership, the companies said. Palantir Technologies stock was 0.3% higher pre-bell.