02:01 PM EDT, 06/26/2025 (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 1.1%.

The Philadelphia Semiconductor index added 0.7%.

In corporate news, CoreWeave ( CRWV ) is in talks to buy Core Scientific ( CORZ ) , The Wall Street Journal reported Thursday. CoreWeave ( CRWV ) shares eased about 0.2%, and Core Scientific ( CORZ ) jumped 28%.

Cyngn ( CYN ) shares jumped 245% after the company said it's partnering with Nvidia ( NVDA ) on autonomous vehicle solutions for industrial applications.

Amazon.com's ( AMZN ) Amazon Web Services vice president Vasi Philomin has left the company, Reuters reported, citing an email from Philomin. According to the report, Philomin oversaw generative artificial intelligence development. Amazon ( AMZN ) subsequently denied the departed Philomin was in charge of generative AI development. Amazon ( AMZN ) shares were rising 2.2%.

Micron Technology ( MU ) issued a fiscal Q4 outlook above market expectations, while the semiconductor manufacturer recorded stronger-than-expected results in the prior period. The shares were still down 2.4%.