Tech stocks rose late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.2% and the SPDR S&P Semiconductor ETF (XSD) adding 0.7%.
The Philadelphia Semiconductor index increased 0.1%
In corporate news, Dell (DELL) is close to winning a deal worth over $5 billion to provide Elon Musk's xAI with servers made for AI work, Bloomberg reported. Dell shares rose 3.2%.
Taiwan Semiconductor Manufacturing (TSM) is considering taking a controlling stake in Intel's (INTC) US factories at the request of Trump administration officials, Bloomberg reported. Taiwan Semiconductor added 1%, while Intel was down 2%.
GoDaddy (GDDY) shares fell past 13% after it reported lower Q4 earnings late Thursday.
Applied Materials (AMAT) shares fell over 7%, a day after it issued a downbeat fiscal Q2 revenue outlook at the midpoint amid the impact of US restrictions on exports to China.
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