03:13 PM EDT, 10/20/2025 (MT Newswires) -- Tech stocks were higher late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 1.3% and the SPDR S&P Semiconductor ETF (XSD) climbing 2.3%.

The Philadelphia Semiconductor index added 1.7%.

In corporate news, Snowflake (SNOW) is still in the "early innings" of capitalizing on AI demand, Wedbush Securities said in a note Monday. Wedbush lifted its price target to $270 from $250 while keeping an outperform rating on the stock. Snowflake shares rose 2.2%.