03:35 PM EDT, 06/28/2024 (MT Newswires) -- Tech stocks rose late Friday afternoon with the Technology Select Sector SPDR Fund (XLK) up 0.1% and the SPDR S&P Semiconductor ETF (XSD) gaining 0.6%.

The Philadelphia Semiconductor index added 0.4%.

In corporate news, Apple's ( AAPL ) move to incorporate artificial intelligence in the iPhone, iPad and Mac is likely to add fuel to revenue and earnings growth, Oppenheimer said in a note. Oppenheimer raised the price target on the stock to $250 from $200 and maintained its outperform rating. Apple ( AAPL ) shares fell 0.5%.