03:32 PM EDT, 05/16/2025 (MT Newswires) -- Tech stocks advanced late Friday afternoon with the Technology Select Sector SPDR Fund (XLK) up 0.1% and the SPDR S&P Semiconductor ETF (XSD) adding 0.3%.

The Philadelphia Semiconductor index shed 0.3%.

In corporate news, CoreWeave ( CRWV ) shares jumped 27%. a day after Nvidia ( NVDA ) disclosed a 7% stake in the company. Nvidia ( NVDA ) shares added 0.2%.