01:53 PM EDT, 03/24/2025 (MT Newswires) -- Tech stocks were higher Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 1.8% and the SPDR S&P Semiconductor ETF (XSD) climbing 3.3%.

The Philadelphia Semiconductor index rose 3%.

In corporate news, Roper Technologies ( ROP ) said that it has agreed to buy CentralReach, an autism therapy software provider, in a $1.65 billion deal. Roper shares added 0.7%.

Apple ( AAPL ) committed up to 720 million Chinese renminbi ($99.3 million) to expand its clean energy capacity in China. Apple ( AAPL ) shares rose 0.5%.

Super Micro Computer ( SMCI ) shares shed 0.7% after Goldman Sachs downgraded the company to sell from neutral and cut its price target to $32 from $40.