01:23 PM EST, 01/05/2026 (MT Newswires) -- Tech stocks advanced Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) up 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 0.7%.

The Philadelphia Semiconductor index rose 0.8%.

In corporate news, MongoDB's ( MDB ) AI opportunities amid a growing customer base are expected to help drive potential revenue upside for the database software maker this year, Oppenheimer said in a note. The brokerage raised the price target on the stock to $490 from $450, with an outperform rating. MongoDB ( MDB ) shares gained 4%.