03:23 PM EDT, 04/11/2024 (MT Newswires) -- Tech stocks were gaining late Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) and the SPDR S&P Semiconductor ETF (XSD) each climbing about 2%.

The Philadelphia Semiconductor Index spiked 2.2%.

In corporate news, Apple ( AAPL ) is preparing to overhaul its entire Mac line with a new group of in-house processors made to highlight artificial intelligence, Bloomberg reported Thursday. Apple ( AAPL ) shares jumped 4%.