03:29 PM EST, 11/05/2025 (MT Newswires) -- Tech stocks rose late Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) gaining 1% and the SPDR S&P Semiconductor ETF (XSD) surging 4.4%.

The Philadelphia Semiconductor Index jumped 4.1%.

In corporate news, Apple ( AAPL ) plans to use a 1.2 trillion parameter AI model developed by Alphabet's (GOOG) Google ( GOOG ) to help run its new Siri voice assistant, Bloomberg reported. Apple ( AAPL ) shares eased 0.1%, and Alphabet rose 2.3%.