03:53 PM EST, 02/10/2025 (MT Newswires) -- Tech stocks were mixed late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 1.5% and the SPDR S&P Semiconductor ETF (XSD) shedding 1%.

The Philadelphia Semiconductor index climbed 1.5%.

In corporate news, PowerFleet ( AIOT ) shares surged past 34% after it reported fiscal Q3 revenue that exceeded market expectations and increased its revenue outlook for the full year 2025.

Rumble (RUM) said Monday that President Donald Trump has established an official channel for the White House on its video and cloud services platform. Rumble shares were down 4.2%.

Monday.com ( MNDY ) shares jumped 26% after it guided for double-digit revenue growth in 2025 following stronger-than-expected Q4 results.

Microsoft ( MSFT )-backed (MSFT) OpenAI plans to finalize the design for its first in-house chip in the coming months, Reuters reported. Microsoft ( MSFT ) shares added 0.6%.