01:13 PM EDT, 05/04/2026 (MT Newswires) -- Tech stocks were mixed Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) fractionally higher and the State Street SPDR S&P Semiconductor ETF (XSD) decreasing 0.2%.

The Philadelphia Semiconductor index shed 0.7%.

In corporate news, Microsoft ( MSFT )-backed (MSFT) OpenAI has secured more than $4 billion from investors for a new joint venture valued at $10 billion to expand adoption of its AI products, Bloomberg reported. Microsoft ( MSFT ) shares decreased 0.1%.