03:54 PM EDT, 09/19/2025 (MT Newswires) -- Tech stocks were mixed late Friday afternoon with the Technology Select Sector SPDR Fund (XLK) rising 1% and the SPDR S&P Semiconductor ETF (XSD) falling 0.4%.

The Philadelphia Semiconductor Index dropped 0.7%.

In sector news, Elon Musk's AI company xAI raised $10 billion from investors, putting the company's post-money valuation at $200 billion, CNBC reported.

Separately, OpenAI plans to spend about $100 billion over the next five years to rent backup servers from cloud providers, The Information reported, citing comments from OpenAI executives to some shareholders.

In corporate news, Microsoft ( MSFT ) will increase prices on its Xbox Series S and Series X consoles in the US effective Oct. 3, the company said. Microsoft ( MSFT ) shares rose 0.7%.

Apple's ( AAPL ) iPhone 17 sales opened to strong demand for its Pro models, according to multiple media outlets. Apple ( AAPL ) shares gained 3%.

Alphabet's (GOOGL, GOOG) Google ( GOOG ) will meet the EU's November deadline to propose changes to its advertising technology business following a $3.5 billion fine but won't provide a full breakup requested by the EU and corporate rivals, Bloomberg reported. Alphabet shares rose 1.5%.

Vuzix ( VUZI ) shares gained 2.5% after the company and display maker Saphlux announced plans to collaborate to advance augmented reality display and optical solutions.