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Sector Update: Tech

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 gained 3.3%, and CoreWeave climbed 5.6%.

-- 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 gained 3.3%, and CoreWeave climbed 5.6%.