Sector Update: Tech Stocks Rise Pre-Bell Friday

09:13 AM EDT, 10/02/2026 (MT Newswires) -- Technology stocks were rising pre-bell Friday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1.5% and the State Street SPDR S&P Semiconductor ETF (XSD) advancing by 2.6%. ON Semiconductor (ON) and Synaptics (SYNA) revised their merger under which Onsemi will buy Synaptics for about $5.70 billion, compared with the prior deal with an enterprise value of roughly $7 billion. ON Semiconductor shares were up more than 6% and Synaptics stock rose past 14% premarket. Amazon.com (AMZN) is considering offloading about $8 billion worth of advanced Nvidia (NVDA) chips to external investors to support its balance sheet amid increased spending on AI, the Financial Times reported, citing people familiar with the matter. Nvidia shares were up more than 2% pre-bell. Broadcom (AVGO) financiers will soon seek $60 billion in borrowings to help fund access to chips by AI modelers and others, Bloomberg reported, citing anonymous sources close to the pending debt-offerings. Broadcom stock was up more than 1% premarket.