03:43 PM EDT, 05/29/2026 (MT Newswires) -- Tech stocks were mixed late Friday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.3% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 2.7%.

The Philadelphia Semiconductor index gained 0.1%.

In corporate news, Dell Technologies ( DELL ) shares surged 32% a day after the company reported fiscal Q1 results that topped estimates and issued higher-than-expected guidance for fiscal Q2 and the full year.

SentinelOne ( S ) shares fell 9%. The cybersecurity company delivered a solid Q1 performance that appears to be sustainable amid strong underlying trends, BofA Securities said, with the sell-off tied to "conservative" guidance that has raised questions around growth durability.

IBM ( IBM ) shares jumped 14% a day after the company said it plans to invest more than $10 billion over the next five years to support quantum computing development.

NetApp ( NTAP ) shares soared 25% a day after the company reported fiscal Q4 results that topped estimates.