03:34 PM EDT, 08/23/2024 (MT Newswires) -- Tech stocks gained late Friday afternoon with the Technology Select Sector SPDR Fund (XLK) rising 1.5% and the SPDR S&P Semiconductor ETF (XSD) jumping 3.1%.

The Philadelphia Semiconductor index climbed 2.6%.

In corporate news, Apple ( AAPL ) is planning to unveil the latest iPhones, watches and AirPods on Sept. 10 during a launch event, Bloomberg reported Friday. Separately, Apple ( AAPL ) shares have "room for significant upside ahead" on bullish prospects for artificial intelligence, Third Point Chief Executive Daniel Loeb said in a letter to investors, Reuters reported Friday. Apple ( AAPL ) shares were rising 1.1%.