01:35 PM EDT, 08/27/2025 (MT Newswires) -- Tech stocks were higher Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.4% and the SPDR S&P Semiconductor ETF (XSD) up 0.5%.

The Philadelphia Semiconductor index added 0.2%.

In corporate news, MongoDB ( MDB ) shares climbed past 35% after the database software maker lifted its full-year outlook on the back of stronger-than-expected fiscal Q2 results.

A potential stake in Nvidia ( NVDA ) is "not on the table," US Treasury Secretary Scott Bessent said in an interview, Fox Business reported Wednesday. Nvidia ( NVDA ) shares were up 0.1%.

Microsoft's ( MSFT ) negotiations with OpenAI over key contract terms are likely to push OpenAI's corporate restructuring into next year, the Financial Times reported. Microsoft ( MSFT ) shares increased 0.7%.