12:57 PM EDT, 05/06/2026 (MT Newswires) -- Tech stocks were higher Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.6% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.3%.

The Philadelphia Semiconductor index climbed 3%.

In corporate news, Advanced Micro Devices ( AMD ) reported stronger-than-expected Q1 results as demand for AI infrastructure pushed data center revenue higher year-on-year. Its shares jumped past 16%.