01:37 PM EST, 11/24/2025 (MT Newswires) -- Tech stocks were higher Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 2.6% and the SPDR S&P Semiconductor ETF (XSD) climbing 4%.

The Philadelphia Semiconductor index popped 4.6%.

In corporate news, President Donald Trump is considering allowing Nvidia ( NVDA ) to sell advanced AI chips to China, Commerce Secretary Howard Lutnick told Bloomberg TV on Monday. Nvidia ( NVDA ) shares rose 1.9%.

Alphabet's (GOOG) Google Cloud said it has signed a multi-million-dollar contract with the NATO Communication and Information Agency to provide secure sovereign cloud capabilities. Alphabet shares gained 5.8%.

Amazon.com ( AMZN ) said Monday it will invest up to $50 billion to expand Amazon Web Services' artificial intelligence and supercomputing capabilities for its US government customers. Amazon ( AMZN ) shares rose 1.9%.