03:37 PM EDT, 10/06/2025 (MT Newswires) -- Tech stocks were higher late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 1.4% and the SPDR S&P Semiconductor ETF (XSD) climbing 2.5%.

The Philadelphia Semiconductor index gained 3.2%.

In corporate news, Micron Technology ( MU ) is expected to benefit from stronger-than-expected growth in pricing for its core memory chips, which are used in everything from smartphones to data centers, driven by improving market conditions and rising demand tied to AI, Morgan Stanley said. Morgan Stanley upgraded Micron to overweight from equal weight and raised its price target to $220 from $160. Micron shares rose 1.6%.