01:49 PM EST, 11/05/2025 (MT Newswires) -- Tech stocks rose Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) gaining 1.1% and the SPDR S&P Semiconductor ETF (XSD) climbing 2.8%.

The Philadelphia Semiconductor Index jumped 3.9%.

In corporate news, Advanced Micro Devices ( AMD ) reported Q3 results that beat Wall Street's estimates, driven by strong demand for processors and AI chips. The stock advanced 3.7%.

Alphabet (GOOG) unit Google's ( GOOG ) planned $32 billion acquisition of cybersecurity firm Wiz cleared a key US regulatory hurdle, media outlets reported Tuesday, citing comments from Wiz Chief Executive Officer Assaf Rappaport. Alphabet shares gained 2%.

Unity Software ( U ) shares surged 13% after Q3 results topped analyst estimates and Q4 revenue guidance exceeded consensus.

Emerson Electric ( EMR ) shares fell 2.6% after the company issued fiscal 2026 guidance below market estimates, while Q4 sales missed consensus.