03:53 PM EDT, 04/02/2025 (MT Newswires) -- Tech stocks rose late Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.9% and the SPDR S&P Semiconductor ETF (XSD) gaining 1.7%.

The Philadelphia Semiconductor Index rose 0.9%.

In corporate news, Meta (META) is preparing to launch a new version of its smart glasses, code-named Hypernova, as early as by the end of 2025, Bloomberg reported. Meta shares were down 0.3%.

Amazon.com ( AMZN ) made a last-minute bid to buy TikTok's US operations as the deadline nears to separate the social media company from its Chinese owner or face a ban in the US, the New York Times reported. Amazon ( AMZN ) shares rose 2.4%.

NCino ( NCNO ) shares dropped 21% after its fiscal Q4 non-GAAP earnings fell from a year earlier, while its guidance lagged Wall Street estimates.

ByteDance, Alibaba ( BABA ) , Tencent and other Chinese companies placed at least $16 billion worth of orders for Nvidia's ( NVDA ) H20 server chips in Q1 before a potential US ban on the sale of the chips in China, The Information reported. Nvidia ( NVDA ) shares were 0.3% higher.