01:32 PM EDT, 10/07/2024 (MT Newswires) -- Tech stocks were edging lower Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) fractionally lower and the SPDR S&P Semiconductor ETF (XSD) down 0.2%.

The Philadelphia Semiconductor index was rising 0.4%.

In corporate news, Super Micro Computer ( SMCI ) shares jumped over 13% after the company said it recently deployed over 100,000 graphics processing units in one quarter.