Tech stocks were mixed Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) advancing marginally and the SPDR S&P Semiconductor ETF (XSD) down 0.3%.
The Philadelphia Semiconductor index was rising 0.5%.
In corporate news, Super Micro Computer (SMCI) shares jumped over 13% after the company said it recently deployed over 100,000 graphics processing units in one quarter.
Algorhythm (RIME) shares popped more than 20% after the company said Monday it has been awarded a service contract from an unnamed major global beverage, food, and snack company.
Apple (AAPL) received a favorable verdict in a patent infringement case by Identity Security related to user verification and data security technology in its iPhone products, Bloomberg reported Friday. Apple shares were shedding 1.4%.
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