03:24 PM EDT, 06/11/2026 (MT Newswires) -- Tech stocks were higher late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 3.1% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 6%.

The Philadelphia Semiconductor index jumped 6.9%.

In corporate news, Applied Materials ( AMAT ) shares jumped past 10% after the company said it has expanded its manufacturing and R&D operations in Singapore with a $500 million facility in Tampines to support AI-driven semiconductor demand.

Amazon ( AMZN )-backed (AMZN) Anthropic signed over a dozen initial agreements to lease data center facilities from US developers, and the AI company has privately discussed a plan to have Alphabet's (GOOGL) Google provide a financial guarantee for its lease payments, The Information reported. Amazon ( AMZN ) shares rose 1%, and Alphabet was fractionally lower.

Oracle (ORCL) shares fell 9.2% after the company said it plans to raise about $40 billion via debt and equity issuances in fiscal 2027, including its previously announced $20 billion stock sale.

IBM ( IBM ) and ServiceNow ( NOW ) said Thursday they have expanded their collaboration to help enterprises modernize legacy data and accelerate the use of AI. IBM ( IBM ) shares added 0.9%, and ServiceNow ( NOW ) was down 2.4%.