-- 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 were up 3.4%, and CoreWeave climbed 6.5%.
Intel (INTC) and Alphabet's (GOOGL) Google have expanded a multiyear agreement to develop AI and cloud infrastructure using Xeon processors and custom infrastructure processing units, the companies said Thursday. Intel shares gained 2.5%, and Alphabet increased 0.6%.
BlackBerry (BB) shares jumped past 7% after it reported higher fiscal Q4 adjusted earnings and revenue.