Tech Stocks on the Rise: Key Insights from Latest Sector Update

Friday, 12 July 2024, 19:36

In the latest tech sector update, tech stocks saw a significant increase by late Friday. The Technology Select Sector SPDR Fund (XLK) rose by 1.5%, with the SPDR S&P Semiconductor ETF (XSD) also adding 2.1%. Notably, the Philadelphia Semiconductor index showed a gain of 2.1%. Intel's NASDAQ:INTC witnessed growth in software and developer cloud subscription revenue.
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Tech Stocks on the Rise: Key Insights from Latest Sector Update

Tech Sector Update: Highlights

Key Points:

  • Tech Stocks Surge: XLK rose by 1.5%.
  • SPDR S&P Semiconductor ETF: Gained 2.1%.
  • Intel's Growth: NASDAQ:INTC showed positive revenue trend.

In the latest tech sector update, XLK and XSD recorded notable gains. The Intel cloud subscription revenue surge is a significant development.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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