01:11 PM EDT, 08/12/2025 (MT Newswires) -- Tech stocks were higher Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 1.3% and the SPDR S&P Semiconductor ETF (XSD) climbing 4.1%.

The Philadelphia Semiconductor index rose 2.6%.

In corporate news, Alphabet's (GOOG) Google ( GOOG ) has received a $34.5 billion purchase offer from AI startup Perplexity for its Chrome browser amid an ongoing antitrust case, The Wall Street Journal reported Tuesday, citing Perplexity. Alphabet added 1.5%.