03:18 PM EDT, 10/15/2025 (MT Newswires) -- Tech stocks were higher late Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) adding 1% and the SPDR S&P Semiconductor ETF (XSD) rising 2.5%.

The Philadelphia Semiconductor index climbed 2.8%.

In corporate news, Microsoft ( MSFT )-backed (MSFT) OpenAI is exploring new revenue streams, debt collaborations, and additional fundraising under a five-year business plan to meet $1 trillion in spending, the Financial Times reported. Microsoft ( MSFT ) shares were fractionally higher.