03:54 PM EDT, 05/16/2025 (MT Newswires) -- Tech stocks were higher late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.1% and the SPDR S&P Semiconductor ETF (XSD) adding 0.3%.

The Philadelphia Semiconductor index shed 0.3%.

In corporate news, CoreWeave ( CRWV ) shares jumped 22%, a day after Nvidia ( NVDA ) reported a 7% stake in the company. Nvidia ( NVDA ) shares added 0.2%.

Alphabet's (GOOG) Google One subscription service recently topped 150 million paid members, Reuters reported, citing a company executive. Alphabet shares added 1.2%.

Globant ( GLOB ) shares tumbled 23%. The company reported lower Q1 adjusted earnings and cut its 2025 financial guidance late Thursday.

Applied Materials ( AMAT ) shares fell more than 5% after the company late Thursday reported fiscal Q2 revenue that trailed Wall Street estimates.

Take-Two Interactive Software ( TTWO ) shares fell 2.3%. The video game publisher issued a full-year bookings outlook below market estimates, while its fiscal Q4 loss unexpectedly widened.