03:59 PM EST, 11/05/2024 (MT Newswires) -- Tech stocks were higher late Tuesday afternoon with the Technology Select Sector SPDR Fund (XLK) rising 1.3% and the SPDR S&P Semiconductor ETF (XSD) adding 1.2%.

The Philadelphia Semiconductor index climbed 1.4%.

In corporate news, Vimeo ( VMEO ) shares surged past 44% in recent trading, a day after the video platform posted its Q3 results.

Apple ( AAPL ) has offered to invest nearly $10 million in Indonesia to bypass a ban on the sales of its latest iPhones, Bloomberg reported. Apple ( AAPL ) shares added 0.4%.

Palantir Technologies ( PLTR ) shares jumped over 23%, a day after the company reported Q3 adjusted earnings and revenue that topped analysts' estimates.

Microsoft ( MSFT )-backed (MSFT) OpenAI is in early talks with the California attorney general's office to become a for-profit business, Bloomberg reported. Microsoft ( MSFT ) shares were rising 0.7%.