01:48 PM EDT, 08/28/2025 (MT Newswires) -- Tech stocks were higher Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.6% and the SPDR S&P Semiconductor ETF (XSD) rising 1.9%.

The Philadelphia Semiconductor index added 0.4%.

In corporate news, CrowdStrike ( CRWD ) lifted its full-year earnings guidance and reported better-than-expected fiscal Q2 results. Its shares rose 4%.

Snowflake (SNOW) shares jumped 20%, a day after it reported higher fiscal Q2 adjusted earnings and revenue.

Nvidia ( NVDA ) is on course to reach $5 trillion in market capitalization by early 2026, Wedbush Securities said after the tech bellwether beat fiscal Q2 estimates and outlined a strong revenue outlook despite ongoing headwinds related to the Chinese market. Shares were down 1.4% in recent trading.