03:44 PM EDT, 08/28/2025 (MT Newswires) -- Tech stocks were higher late Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.8% and the SPDR S&P Semiconductor ETF (XSD) rising 1.8%.

The Philadelphia Semiconductor index added 0.7%.

In corporate news, Pure Storage ( PSTG ) shares surged more than 30% after better-than-expected Q2 results and a UBS price target boost to $55 from $50.

Alphabet's (GOOG) Google ( GOOG ) said Thursday it will invest an additional $9 billion in Virginia through 2026 to improve its cloud and AI infrastructure, including a new data center in Chesterfield County. Alphabet shares gained 2.2%.

CrowdStrike ( CRWD ) lifted its full-year earnings guidance and reported better-than-expected fiscal Q2 results. Its shares rose 4%.

Snowflake (SNOW) shares jumped 21%, a day after it reported higher fiscal Q2 adjusted earnings and revenue.