03:29 PM EDT, 04/14/2026 (MT Newswires) -- Tech stocks rose late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) advancing 1.4% and the State Street SPDR S&P Semiconductor ETF (XSD) gaining 2.2%.

The Philadelphia Semiconductor index added 2%.

In corporate news, Microsoft ( MSFT ) will rent data center capacity from Nscale at a campus in Narvik, Norway, first intended for OpenAI, Bloomberg reported. Microsoft ( MSFT ) will rent 30,000 additional Nvidia (NVDA) Vera Rubin chips at the site, building on a prior $6.2 billion commitment, after OpenAI failed to reach an agreement with Nscale to run its workloads at the campus under its Stargate initiative, the report said. Microsoft ( MSFT ) shares were up 2.1%.