03:40 PM EDT, 04/09/2025 (MT Newswires) -- Tech stocks surged late Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) jumping 12.7% and the SPDR S&P Semiconductor ETF (XSD) rallying 18.7%.

The Philadelphia Semiconductor index soared 17.7%.

In corporate news, Alphabet (GOOG) reaffirmed plans to spend $75 billion in 2025 to boost its data center capacity, Reuters reported Wednesday, citing Chief Executive Officer Sundar Pichai. Alphabet shares jumped nearly 9%.