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Sector Update: Tech
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Sector Update: Tech
Sep 30, 2025 10:59 AM

12:58 PM EDT, 09/30/2025 (MT Newswires) -- Tech stocks were mixed Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.1% and the SPDR S&P Semiconductor ETF (XSD) easing 0.1%.

The Philadelphia Semiconductor index was fractionally higher.

In corporate news, CoreWeave ( CRWV ) will supply Meta Platforms ( META ) with $14.2 billion worth of computing power under a new deal signed by the two companies, Bloomberg reported, citing an interview with CoreWeave ( CRWV ) Chief Executive Michael Intrator. CoreWeave ( CRWV ) shares jumped about 13%, while Meta was down 1.5%.

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