01:27 PM EDT, 08/12/2026 (MT Newswires) -- Tech stocks were higher Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.7% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 2.4%

The Philadelphia Semiconductor index climbed 3.2%.

In corporate news, CoreWeave ( CRWV ) shares surged 18% after it posted a Q2 revenue beat and raised its full-year outlook, with analysts saying its capacity gains signal additional upside.

Super Micro Computer ( SMCI ) shares jumped past 17% after the company provided an upbeat fiscal 2027 revenue outlook.

Alphabet's (GOOGL) Google launched its newest line of Pixel devices, including four phones, a watch and its first-ever tag. Alphabet shares were down 0.3%.