12:58 PM EST, 12/03/2025 (MT Newswires) -- Tech stocks were advancing Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) 0.1% higher and the SPDR S&P Semiconductor ETF (XSD) rising 2.1%.

The Philadelphia Semiconductor index added 0.8%.

In corporate news, multiple business segments at Microsoft ( MSFT ) reduced sales growth quotas for some AI products after many missed targets during the fiscal year ended June, The Information reported, citing two salespeople in Microsoft's ( MSFT ) Azure cloud unit. Microsoft ( MSFT ) shares were down 1.5%.