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Sector Update: Tech Stocks Mixed Late Afternoon
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Sector Update: Tech Stocks Mixed Late Afternoon
Feb 12, 2025 1:16 PM

03:49 PM EST, 02/12/2025 (MT Newswires) -- Tech stocks were mixed late Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) decreasing 0.3% and the SPDR S&P Semiconductor ETF (XSD) rose 0.1%

The Philadelphia Semiconductor index added 0.1%.

In corporate news, Apple's ( AAPL ) TV+ streaming video service is set to be made available to Android phone users, Bloomberg reported. Apple ( AAPL ) shares rose 1.7%.

Atomera ( ATOM ) shares fell 40%, a day after the company reported a decline in Q4 revenue.

Confluent (CFLT) shares jumped 24% after several analysts raised their price targets on the stock following the company's Q4 results that beat expectations.

OneStream ( OS ) shares slumped 20% after JPMorgan downgraded the stock to neutral from overweight and cut its price target to $26 from $30, a day after the company issued downbeat Q1 guidance.

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