Sector Update: Tech Stocks Higher Tuesday Afternoon

MT Newswires Live11-20

Tech stocks rose Tuesday afternoon with the Technology Select Sector SPDR Fund (XLK) adding 0.7% and the SPDR S&P Semiconductor ETF (XSD) gaining 0.8%.

The Philadelphia Semiconductor index rose 0.6%.

In corporate news, Alphabet's (GOOG) Chrome internet browser may fetch up to $20 billion if a judge permits a Justice Department proposal to sell the business, Bloomberg reported. Alphabet shares advanced 1.5%.

Super Micro Computer (SMCI) shares soared 32%. The company said it appointed BDO USA as its independent auditor, effective immediately, and submitted a plan to Nasdaq for a time extension to regain compliance with the exchange's continued listing requirements.

C3 AI (AI) shares jumped 25% after the company and Microsoft (MSFT) disclosed their alliance for the adoption of Enterprise AI on Microsoft Azure.

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