03:56 PM EDT, 10/14/2025 (MT Newswires) -- Tech stocks were mixed late Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) shedding 1.3% and the SPDR S&P Semiconductor ETF (XSD) adding 0.2%.

The Philadelphia Semiconductor index (SOX) was down 2.2%.

In corporate news, HP (HPQ) shares rose 4.1% after HSBC upgraded the personal computer maker's stock to buy from hold and raised its price target to $30 from $28.10.

Alphabet's (GOOG) Google ( GOOG ) has revised its July proposal for additional changes to its search results in an effort to avoid a potential EU antitrust fine, Reuters reported. Alphabet shares added 0.1%.

Ericsson (ERIC) shares jumped past 20% after the company reported higher Q3 earnings and announced a new five-year deal with Vodafone (VOD).

Microsoft ( MSFT ) will rent capacity from data center company Nscale in Portugal as part of a project to expand computing resources in response to rising AI demand, Bloomberg reported. Microsoft ( MSFT ) shares were down 0.4%.