03:41 PM EDT, 06/09/2025 (MT Newswires) -- Tech stocks rose late Monday afternoon with the Technology Select Sector SPDR Fund (XLK) up 0.6% and the SPDR S&P Semiconductor ETF (XSD) climbing 2.7%.

The Philadelphia Semiconductor index added 2%.

In corporate news, Microsoft ( MSFT )-backed (MSFT) OpenAI has reached $10 billion in annual recurring revenue backed by ChatGPT growth, CNBC reported Monday, citing a company spokesperson. Microsoft ( MSFT ) shares added 0.6%.