Sector Update: Tech

03:29 PM EDT, 10/27/2026 (MT Newswires) -- Tech stocks were higher late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.7% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 4.5%. The Philadelphia Semiconductor index rose 3.5%. In corporate news, Super Micro Computer-backed (SMCI) cloud computing firm Argentum AI is in talks to secure a $5 billion loan from a major private credit firm to buy AI chips, Reuters reported. Super Micro Computer shares jumped past 7%.