01:53 PM EDT, 09/09/2025 (MT Newswires) -- Tech stocks were little changed Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) fractionally higher and the SPDR S&P Semiconductor ETF (XSD) slightly lower.

The Philadelphia Semiconductor index rose 0.2%.

In corporate news, SailPoint ( SAIL ) on Tuesday issued a fiscal Q3 revenue outlook that fell short of market estimates, but the security software company raised its full-year guidance after sales for the most recent three-month period topped analysts' views. Its shares fell past 9%.

Adobe (ADBE) is likely faced with mixed business trends in fiscal Q3 amid low expectations, Oppenheimer said in a note. It cut its price target on the stock to $460 from $500 while keeping its outperform rating. Adobe shares were down 1%.

Hello Group ( MOMO ) swung to a Q2 loss year over year, while the Chinese social-media platform operator's revenue fell amid soft consumer sentiment. Its shares fell 3.1%.

Nebius ( NBIS ) shares surged 52% after the company said late Monday it struck a deal to deliver AI infrastructure to Microsoft (MSFT), with a total contract value of about $17.4 billion through 2031.