03:55 PM EDT, 09/04/2025 (MT Newswires) -- Tech stocks were higher late Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.3% and the SPDR S&P Semiconductor ETF (XSD) rising 1.4%.

The Philadelphia Semiconductor index added 1.3%.

In corporate news, Hewlett Packard Enterprise ( HPE ) shares climbed 1.9% following its fiscal Q3 results. The company also raised its fiscal 2025 non-GAAP EPS guidance.

Ciena (CIEN) shares surged past 20% after the company reported better-than-expected fiscal Q3 results on Thursday. The networking systems and software company also issued an upbeat revenue outlook for the ongoing fiscal quarter.

Microsoft ( MSFT ) will likely avoid a potentially large antitrust penalty as EU regulators will accept its offer to separate its Teams collaboration platform from its Office packages, Bloomberg reported. Microsoft ( MSFT ) shares rose 0.3%.

Texas Instruments ( TXN ) shares fell 3.8% after Chief Financial Officer Rafael Lizardi reportedly said the company's recovery is not happening with the velocity that some have anticipated.