01:44 PM EST, 02/13/2025 (MT Newswires) -- Tech stocks rose Thursday afternoon with the Technology Select Sector SPDR Fund (XLK) gaining 0.8% and the SPDR S&P Semiconductor ETF (XSD) climbing 0.9%.

The Philadelphia Semiconductor index added 0.5%.

In corporate news, AppLovin ( APP ) shares jumped 20%, a day after the company late posted higher Q4 net income and revenue and issued Q1 sales guidance that beat market expectations.