01:27 PM EDT, 06/12/2026 (MT Newswires) -- Tech stocks were higher Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.2% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 2%.

The Philadelphia Semiconductor index climbed 2.4%.

In corporate news, Space Exploration Technologies ( SPCX ) shares jumped 28% as Elon Musk's rocket and satellite company debuted on the Nasdaq in what is poised to be the world's biggest initial public offering ever.

Nvidia ( NVDA ) has informed Chinese clients that its new Vera central processors for AI data centers could be available as early as August and that they can start ordering, Reuters reported. Nvidia ( NVDA ) shares added 0.2%.

Adobe's (ADBE) CFO departure and fiscal 2026 organic annual recurring revenue outlook have created more uncertainty for the company, outweighing its fiscal Q2 results, RBC Capital Markets said in a note emailed Friday. Adobe shares fell past 7%.