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Sector Update: Tech Stocks Mixed Late Afternoon

BY MT Newswires | CORPORATE | 11/03/25 03:55 PM EST

03:55 PM EST, 11/03/2025 (MT Newswires) -- Tech stocks were mixed late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) adding 0.3% and the SPDR S&P Semiconductor ETF (XSD) shedding 1.4%.

The Philadelphia Semiconductor index rose 0.6%.

In corporate news, Alphabet (GOOG) increased the size of its US dollar corporate bond sale to $17.5 billion from an initial estimate of $15 billion, Bloomberg reported. Alphabet shares rose 0.7%.

Amazon.com (AMZN) secured a $38 billion deal with OpenAI that allows the Microsoft (MSFT)-backed (MSFT) AI research lab to run its workloads on Amazon's (AMZN) cloud computing division. As part of the deal, the ChatGPT parent gets access to Amazon Web Services' infrastructure comprising "hundreds of thousands" Nvidia (NVDA) chips under the seven-year partnership, Amazon (AMZN) and OpenAI said on Monday. Amazon (AMZN) shares jumped 4.1%.

Microsoft (MSFT) agreed to buy AI computing capacity from Australia's Iren (IREN) in a $9.7 billion deal that gives the American tech giant access to Nvidia's (NVDA) chips. Microsoft (MSFT) shares were down 0.4%, and Iren (IREN) surged 12%.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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