01:52 PM EDT, 05/27/2025 (MT Newswires) -- Tech stocks rose Tuesday afternoon with the Technology Select Sector SPDR Fund (XLK) climbing 2.4% and the SPDR S&P Semiconductor ETF (XSD) jumping 3.7%.

The Philadelphia Semiconductor index advanced 3.6%.

In corporate news, Salesforce ( CRM ) agreed to buy Informatica ( INFA ) for $8 billion as the customer relationship management platform aims to bolster its AI offerings. Salesforce ( CRM ) shares rose 1.7%, and Informatica ( INFA ) gained 6.2%.

E2open (ETWO) shares surged 25% as the cloud-based software platform agreed to be acquired by Australian logistics-software provider WiseTech Global in an all-cash deal worth about $2.1 billion.

Meta (META) is reorganizing its AI teams to speed up product development, Axios reported, citing an internal company memo by Chief Product Officer Chris Cox. Meta shares rose 2.4%.

Pony.ai (PONY) shares jumped 18% in recent Tuesday trading, a day after it signed a memorandum of understanding with Dubai's Roads and Transport Authority to deploy its robotaxi fleet in the region.