03:27 PM EDT, 09/12/2025 (MT Newswires) -- Tech stocks were mixed late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.1% and the SPDR S&P Semiconductor ETF (XSD) easing 0.3%.

The Philadelphia Semiconductor index increased 0.3%.

In corporate news, AppLovin ( APP ) is likely to benefit from continued momentum in gaming amid growing mobile game user acquisition spending, Wedbush said in a note on Friday. Wedbush reiterated its outperform rating on the stock and raised the price target to $725 from $620. AppLovin ( APP ) shares rose 1.8%.