03:37 PM EDT, 05/27/2025 (MT Newswires) -- Tech stocks rose late Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) adding 2.1% and the SPDR S&P Semiconductor ETF (XSD) climbing 3.1%.

The Philadelphia Semiconductor index advanced 3%.

In corporate news, Nvidia ( NVDA ) shares rose 2.7%. The company's near-term issues are well known, but the path to a reacceleration in H2 is clear, Morgan Stanley said in a Tuesday note, adding that the stock remains a top pick. Separately, Reuters reported Saturday that Nvidia ( NVDA ) will launch a new, cheaper Blackwell-architecture AI chip for China.