Technology stocks were moderately higher on Wednesday, with the SPDR Technology Select Sector ETF (XLK) rising 0.3% and the Philadelphia Semiconductor Index gaining 0.2% this afternoon. In company news, IBM (IBM) rose 7.9% after overnight reporting Q1 net income of $1.40 per share on $14.2 billion in revenue, topping Wall Street forecasts expecting $1.39 per share and $13.8 billion, respectively. The tech bellwether also said it sees FY22 revenue rising at the high end of its mid-single percentage digit forecast range compared with the analyst mean looking for 6.2% growth this year. NextPlay Technologies (NXTP) increased almost 11% after Wednesday completing its purchase of video game publisher goGame's gaming assets and intellectual property, including its goPlay game publishing platform and 37 casual games. Ping Identity (PING) was 1.1% lower, giving back a narrow opening gain that followed the cyber-security company partnering with cloud identity access management security platform Authomize to manage enterprise identity access and authorization security, Authomize said Wednesday. Financial terms were not disclosed. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.