01:41 PM EDT, 04/09/2024 (MT Newswires) -- Tech stocks rose Tuesday afternoon with the Technology Select Sector SPDR Fund (XLK) little changed and the SPDR S&P Semiconductor ETF (XSD) climbing 1.6%.

The Philadelphia Semiconductor Index rose 0.3%.

In corporate news, Alphabet's (GOOG) Google ( GOOG ) said Tuesday it entered into collaborations with several companies to expand the services of its generative artificial intelligence technology. Best Buy ( BBY ) and Accenture ( ACN ) will deploy Google Cloud's generative AI features for their customer services, Google ( GOOG ) said. Alphabet shares gained 1.2%.

Intel ( INTC ) on Tuesday introduced its Gaudi 3 AI accelerator at a company event. The product is able to power AI systems with up to tens of thousands of accelerators connected through ethernet, Intel ( INTC ) said in a statement. The company's shares rose 0.2%.

Gogo's ( GOGO ) Gogo Business Aviation said it received approval from the Federal Communications Commission to commercialize and operate the Galileo HDX and FDX antenna terminals on business planes. Gogo ( GOGO ) shares jumped 4.5%.