03:35 PM EDT, 06/25/2025 (MT Newswires) -- Tech stocks were advancing late Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.7% and the SPDR S&P Semiconductor ETF (XSD) up 0.1%.

The Philadelphia Semiconductor index added 0.7%.

In corporate news, Microsoft ( MSFT ) is being sued by a group of authors for alleged use of their books without permission to train the tech giant's Megatron AI model, Reuters reported, citing a complaint filed in New York federal court Tuesday. Microsoft ( MSFT ) shares were up 0.3%.