01:58 PM EDT, 06/06/2025 (MT Newswires) -- Tech stocks were mixed Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 1% and the SPDR S&P Semiconductor ETF (XSD) edging down 0.02%.

The Philadelphia Semiconductor index added 1.1%.

In corporate news, Alphabet (GOOG) defeated three investor bids to report on potential hazards associated with AI, Bloomberg reported Friday, citing preliminary results from the company's annual meeting. Alphabet shares were rising 2.9%.

Apple's ( AAPL ) outlook is bullish before its developer conference, which is seen as pivotal to its monetization phase of its AI backbone, Wedbush said in a report. Wedbush reiterated its outperform rating. Apple ( AAPL ) shares were up 1.7%.

Broadcom's ( AVGO ) most recent quarterly results and outlook narrowly beat estimates, but left investors disappointed as they were hoping for a more substantial upside surprise, Truist Securities said Friday in a note. Broadcom ( AVGO ) shares were down 3.7%.