01:33 PM EST, 02/11/2026 (MT Newswires) -- Tech stocks were higher Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) gaining 1.6%.

The Philadelphia Semiconductor index climbed 2.2%.

In corporate news, GlobalFoundries' ( GFS ) Q4 results exceeded Wall Street's expectations, while the company issued an upbeat revenue outlook at the midpoint for Q1. Shares jumped 15%.

Teradata ( TDC ) shares gained 25% after the company reported a stronger-than-expected jump in Q4 earnings with a surprise increase in quarterly revenue.

Vertiv ( VRT ) shares climbed 18% after it posted stronger-than-expected Q4 adjusted earnings and issued a 2026 guidance above estimates.

Unity Software ( U ) shares tumbled 27% after the company reported Q4 results and issued Q1 revenue guidance.