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Sector Update: Tech Stocks Mixed Thursday Afternoon
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Sector Update: Tech Stocks Mixed Thursday Afternoon
Apr 9, 2026 10:47 AM

01:28 PM EDT, 04/09/2026 (MT Newswires) -- Tech stocks were mixed Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 0.8%.

The Philadelphia Semiconductor index rose 1.4%.

In corporate news, CoreWeave ( CRWV ) agreed to supply AI cloud capacity to Meta Platforms ( META ) in a $21 billion deal as the companies expanded their partnership amid robust demand for infrastructure supporting AI workloads. Meta shares were up 3.4%, and CoreWeave ( CRWV ) climbed 6.5%.

Intel ( INTC ) and Alphabet's (GOOGL) Google have expanded a multiyear agreement to develop AI and cloud infrastructure using Xeon processors and custom infrastructure processing units, the companies said Thursday. Intel ( INTC ) shares gained 2.5%, and Alphabet increased 0.6%.

BlackBerry (BB) shares jumped past 7% after it reported higher fiscal Q4 adjusted earnings and revenue.

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