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Sector Update: Tech Stocks Gain Late Afternoon
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Sector Update: Tech Stocks Gain Late Afternoon
Nov 10, 2025 1:08 PM

03:46 PM EST, 11/10/2025 (MT Newswires) -- Tech stocks were higher late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 2.6% and the SPDR S&P Semiconductor ETF (XSD) adding 2.7%.

The Philadelphia Semiconductor index climbed 3.1%.

In corporate news, Apple ( AAPL ) is planning upgrades to its satellite features for the iPhone and its smartwatches, Bloomberg reported. Apple ( AAPL ) shares rose 0.3%.

Rumble (RUM) shares jumped 12% after the firm narrowed its Q3 net loss from a year ago and reported the acquisition of AI infrastructure firm, Northern Data, in an all-stock deal.

Tower Semiconductor ( TSEM ) shares surged 16% following its Q3 results and guidance. The company also said it will invest an additional $300 Million in SiPho and SiGe capacity growth and next generation capabilities.

Monday.com ( MNDY ) fell 13% following its Q3 results and updated 2025 guidance.

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