09:06 AM EDT, 03/19/2025 (MT Newswires) -- Technology stocks were advancing premarket Wednesday as the Technology Select Sector SPDR Fund (XLK) was up 0.4% and the SPDR S&P Semiconductor ETF ( XSD ) was 0.2% higher recently.

Kingsoft Cloud ( KC ) shares were up 8.3% after the company reported that its Q4 loss narrowed and its revenue increased.

GDS Holdings ( GDS ) shares were down 14% after the company reported Q4 revenue that fell short of market expectations.

Alpha Technology (ATGL) has entered into a strategic partnership with blockchain infrastructure provider AB DAO to develop artificial intelligence and blockchain applications across supply chain management, enterprise operations, and IoT, AB DAO said Wednesday. Alpha Technology shares rose nearly 5%.