03:57 PM EDT, 05/13/2024 (MT Newswires) -- Tech stocks were advancing late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.5% and the SPDR S&P Semiconductor ETF (XSD) adding 0.4%.

The Philadelphia Semiconductor index was up 0.3%.

In corporate news, Alphabet's (GOOG) Google ( GOOG ) said it is partnering with HP (HPQ) to bring Starline, its video conferencing service, to the market in 2025. Alphabet was flat and HP gained 0.8%.

Microsoft ( MSFT )-backed (MSFT) OpenAI announced Monday the launch of GPT-4o, its new flagship model that it claims is faster and can respond across audio, vision and text in real time. Microsoft ( MSFT ) shares were falling 0.2%.

Squarespace ( SQSP ) shares surged 13% after the company agreed to be acquired by Permira for about $6.9 billion.

Apple ( AAPL ) is getting ready to start selling the Vision Pro outside the US, Bloomberg reported. Apple ( AAPL ) shares added 1.8%.