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Sector Update: Tech Stocks Advance Late Afternoon
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Sector Update: Tech Stocks Advance Late Afternoon
Sep 30, 2025 1:35 PM

03:51 PM EDT, 09/30/2025 (MT Newswires) -- Tech stocks were higher late Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.3% and the SPDR S&P Semiconductor ETF (XSD) adding 0.4%.

The Philadelphia Semiconductor index added 0.4%.

In corporate news, Alphabet's (GOOG) Google ( GOOG ) is open to sharing more data with website publishers in response to a court finding that the company illegally monopolized some advertising technology, Bloomberg reported, citing court testimony by a senior executive. Alphabet shares were down 0.5%.

Intel ( INTC ) said it remains committed to building a chip manufacturing plant in Ohio after US Senator Bernie Moreno pressed the company for an update on delays to the multibillion-dollar project, Bloomberg reported Tuesday, citing the company's statement in response to the senator's letter. Intel ( INTC ) shares fell 3.5%.

Microsoft ( MSFT )-backed (MSFT) OpenAI generated about $4.3 billion in revenue in H1 2025, a 16% increase from its revenue for the entire previous year, The Information reported, citing financial disclosures made to shareholders. Microsoft ( MSFT ) shares rose 0.5%.

CoreWeave ( CRWV ) will supply Meta Platforms ( META ) with $14.2 billion worth of computing power under a new deal signed by the two companies, Bloomberg reported, citing an interview with CoreWeave ( CRWV ) Chief Executive Michael Intrator. CoreWeave ( CRWV ) shares jumped 11.6%, while Meta was down 1.5%.

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