03:49 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, IonQ ( IONQ ) shares surged 19% after the company said it has been awarded a contract in the Defense Advanced Research Projects Agency's Heterogeneous Architectures for Quantum program.

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%.

Amazon ( AMZN ) agreed to buy mobile satellite services operator Globalstar ( GSAT ) as it aims to add direct-to-device services to its Leo satellite network. Amazon ( AMZN ) shares rose 3.9%, and Globalstar ( GSAT ) jumped 9%.

Nvidia ( NVDA ) shares rose 3.6% after the company said Tuesday it is launching a family of quantum AI models, Ising, designed to allow companies to build quantum processors that will be able to run useful applications.