01:33 PM EDT, 05/27/2025 (MT Newswires) -- Tech stocks rose Tuesday afternoon with the Technology Select Sector SPDR Fund (XLK) gaining 2.4% and the SPDR S&P Semiconductor ETF (XSD) jumping 3.7%.

The Philadelphia Semiconductor index advanced 3.6%.

In corporate news, Salesforce ( CRM ) agreed to buy Informatica ( INFA ) for $8 billion as the customer relationship management platform aims to bolster its AI offerings. Salesforce ( CRM ) shares rose 1.7%, and Informatica ( INFA ) gained 5.8%.