03:32 PM EST, 02/14/2025 (MT Newswires) -- Tech stocks rose late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.2% and the SPDR S&P Semiconductor ETF (XSD) adding 0.7%.

The Philadelphia Semiconductor index gained 0.1%

In corporate news, Dell Technologies ( DELL ) is close to winning a deal worth over $5 billion to provide Elon Musk's xAI with servers made for AI work, Bloomberg reported. Dell shares rose 3%.