03:30 PM EDT, 09/11/2024 (MT Newswires) -- Tech stocks were higher late Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 2.9% and the SPDR S&P Semiconductor ETF (XSD) climbing 3.4%.

The Philadelphia Semiconductor index popped 4.2%.

In corporate news, Nvidia ( NVDA ) may receive approval from the US government to begin shipping chips to Saudi Arabia for artificial intelligence workloads, Semafor reported Wednesday. Nvidia ( NVDA ) shares jumped 7.4%.