03:52 PM EDT, 03/12/2024 (MT Newswires) -- Tech stocks gained late Tuesday afternoon with the Technology Select Sector SPDR Fund (XLK) rising 1.9% and the SPDR S&P Semiconductor ETF (XSD) adding 0.7%.

The Philadelphia Semiconductor index climbed 1.9%.

In corporate news, Alphabet's (GOOG) Google ( GOOG ) said Tuesday in a blog that it is rolling out restrictions on types of election-related queries that its generative AI product Gemini will return responses. Its shares advanced 0.7%.

Shoals Technologies ( SHLS ) fell 6.4% after it said Tuesday it plans to appeal the ruling related to the US Patent 10,553,739, a photovoltaic in-line fuse connector assembly, and continue to defend its patent complaint against Voltage.

Oracle (ORCL) shares surged 11% after the company reported higher fiscal Q3 adjusted earnings and revenue.

Rumble (RUM) soared 21% after the company offered to buy and operate TikTok in the US if ByteDance divests ownership in the social media platform.