03:47 PM EST, 11/19/2025 (MT Newswires) -- Tech stocks were higher late Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.9% and the SPDR S&P Semiconductor ETF (XSD) adding 1.7%.

The Philadelphia Semiconductor index increased 2.1%.

In corporate news, Amazon's ( AMZN ) cloud computing platform Amazon Web Services and Saudi Arabian AI company Humain plan to deploy and manage up to 150,000 AI accelerators at a data center facility in Riyadh, the companies said Wednesday. Amazon ( AMZN ) shares were fractionally lower.

Microsoft ( MSFT ) Chief Executive Satya Nadella has appointed Rolf Harms as an advisor to help the company rethink and adapt to the new economics of AI, Business Insider reported. Microsoft ( MSFT ) shares were down 1.2%.

Nvidia ( NVDA ) is expected to "handily" exceed Wall Street estimates during Q3 earnings, given the positive data points noted from Asian supply checks along with recent Big Tech capital expenditure numbers seen by hyper-scalers, Wedbush said in a Wednesday note. Nvidia ( NVDA ) shares gained 2.8%.

Adobe (ADBE) agreed to buy digital marketing platform Semrush ( SEMR ) in an all-cash deal worth about $1.9 billion, as the software maker looks to strengthen its brand visibility services amid a rise in consumer interactions with AI systems. Semrush ( SEMR ) shares surged 74%, and Adobe was down 1.8%.