01:19 PM EDT, 06/24/2025 (MT Newswires) -- Tech stocks gained Tuesday afternoon with the Technology Select Sector SPDR Fund (XLK) rising 1.8% and the SPDR S&P Semiconductor ETF (XSD) climbing 3.9%.

The Philadelphia Semiconductor index advanced 3.6%.

In corporate news, Ambarella ( AMBA ) shares jumped 21% after Bloomberg reported that the company is reviewing alternatives, which may include a potential sale.