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Sector Update: Tech Stocks Mixed Late Afternoon
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Sector Update: Tech Stocks Mixed Late Afternoon
Mar 17, 2026 1:22 PM

03:47 PM EDT, 03/17/2026 (MT Newswires) -- Tech stocks were mixed late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 0.4% and the State Street SPDR S&P Semiconductor ETF (XSD) down 0.4%.

The Philadelphia Semiconductor index increased 0.3%.

In corporate news, Apple ( AAPL ) Chief Executive Tim Cook dismissed recent speculation regarding his potential departure from the company, he said in a televised interview with ABC's Good Morning America. Apple ( AAPL ) shares were up 0.4%.

Alphabet's (GOOGL) Google said Tuesday it is expanding its "Personal Intelligence" capabilities in the US across AI Mode in Search, the Gemini app and Gemini in Chrome, aiming to deliver more personalized responses by connecting data from users' Google apps. Separately, Google is in talks with Envicool and other companies in China to buy liquid cooling equipment for data centers, Reuters reported. Alphabet shares rose 1.7%.

Nebius ( NBIS ) shares fell 12% after it said Tuesday it plans to offer $3.75 billion in convertible senior notes in a private placement to institutional buyers.

Microsoft ( MSFT )-backed (MSFT) OpenAI is finalizing strategies for a major shift to refocus on coding and business users, The Wall Street Journal reported late Monday, citing Fidji Simo, the startup's chief executive of applications. Microsoft ( MSFT ) shares decreased 0.2%.

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