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Sector Update: Tech Stocks Gain Friday Afternoon
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Sector Update: Tech Stocks Gain Friday Afternoon
Apr 10, 2026 11:03 AM

01:40 PM EDT, 04/10/2026 (MT Newswires) -- Tech stocks were higher Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) up 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) rising 1.8%.

The Philadelphia Semiconductor index climbed 2.3%.

In corporate news, CoreWeave ( CRWV ) shares jumped 11% after the AI cloud computing company struck a deal to support the development and deployment of Anthropic's Claude AI models.

Commvault Systems ( CVLT ) is exploring a sale after receiving takeover interest from multiple private equity firms and strategic buyers, Reuters reported. The data protection software provider is working with Goldman Sachs (GS) to weigh its options, the report said. Commvault ( CVLT ) shares popped 10%.

Microsoft ( MSFT )-backed (MSFT) OpenAI and its ChatGPT are under investigation by Florida Attorney General James Uthmeier over potential national security risks and alleged links to criminal activity, The Wall Street Journal reported Friday. Subpoenas are expected as part of the probe, which raises concerns about possible misuse of AI by foreign adversaries, including China, the report said, citing Uthmeier. Microsoft ( MSFT ) shares were down 0.7%.

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