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Sector Update: Tech Stocks Higher Late Afternoon
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Sector Update: Tech Stocks Higher Late Afternoon
Apr 9, 2026 1:19 PM

03:54 PM EDT, 04/09/2026 (MT Newswires) -- Tech stocks were higher late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) up 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.2%.

The Philadelphia Semiconductor index climbed 1.9%.

In corporate news, Microsoft ( MSFT )-backed (MSFT) OpenAI said on X that it is offering a new ChatGPT Pro tier for $100 per month. Also, OpenAI expects to report $2.5 billion in ad revenue this year and $100 billion by 2030, Axios reported. Microsoft ( MSFT ) shares eased 0.3%.

Applied Digital ( APLD ) shares dropped past 7% following its fiscal Q3 results.

CoreWeave ( CRWV ) agreed to supply AI cloud capacity to Meta Platforms ( META ) in a $21 billion deal as they expanded their partnership amid robust demand for infrastructure supporting AI workloads. Meta was up 2.7%, and CoreWeave ( CRWV ) climbed 3.6%.

Intel ( INTC ) and Alphabet's (GOOGL) Google have expanded a multiyear agreement to develop AI and cloud infrastructure using Xeon processors and custom infrastructure processing units, the companies said Thursday. Intel ( INTC ) shares gained 4.5%, and Alphabet increased 0.5%.

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