03:55 PM EDT, 08/12/2024 (MT Newswires) -- Tech stocks were mixed late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.7% and the SPDR S&P Semiconductor ETF (XSD) fractionally lower.

The Philadelphia Semiconductor Index rose 0.6%.

In corporate news, Nvidia ( NVDA ) shares popped 4.2%. The company is on track to report stronger-than-expected fiscal Q2 results later this month amid strength in its data center business, UBS said in a note.

MarketWise ( MKTW ) shares tumbled 26% after the company said F. Porter Stansberry resigned as chair and chief executive.

Monday.com ( MNDY ) shares added 12% after it reported better-than-expected Q2 results and lifted its full-year revenue outlook.

Apple ( AAPL ) is expected to ship more iPhone 16 units than Wall Street originally estimated, with potentially more customers looking to upgrade due to its artificial intelligence features, Wedbush Securities said in a note. Apple ( AAPL ) shares were up 0.4%.