01:38 PM EDT, 07/15/2025 (MT Newswires) -- Tech stocks rose Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) gaining 1.1% and the SPDR S&P Semiconductor ETF (XSD) adding 0.7%.

The Philadelphia Semiconductor index advanced 1.5%.

In corporate news, Nvidia ( NVDA ) shares jumped 3.9%. The company secured a "monster win" after US government assurances that licenses for the H20 graphics processing unit sales in China will be granted, Wedbush Securities said.

Advanced Micro Devices ( AMD ) is planning to restart shipments of its MI308 chips to China as licenses to export those products are approved. AMD shares popped 6.3%.

Trade Desk ( TTD ) shares surged 9% after it was announced that the ad-buying software maker will be joining the S&P 500 later this week, a move that Wedbush Securities said reflects the company's leading position in the digital advertising industry.

Apple ( AAPL ) has signed a $500 million long-term agreement with MP Materials (MP) through which MP will provide the tech giant with magnets produced at its Fort Worth, Texas, facility using recycled feedstock processed at its Mountain Pass site in California, MP said Tuesday. Apple ( AAPL ) shares rose 1.2%.