Sector Update: Tech

Sector Update: Tech

MT newswire2026/11/06 19:24

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03:24 PM EST, 11/06/2026 (MT Newswires) -- Tech stocks were higher late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.8% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 5.4%. The Philadelphia Semiconductor index climbed 4.3%. In corporate news, Microsoft (MSFT) is concluding a deal to rent AI computing capacity from Oracle (ORCL) as part of a wider reevaluation of its cloud partnership plans, Bloomberg reported. Microsoft shares were down 0.7%, and Oracle added 0.2%.

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In September, Anthropic directly acquired Caterpillar equipment orders worth 3.4 billion USD, securing 1.7 GW of gas generator units, marking the largest single purchase of power generation equipment in AI history. This move bypassed utility middlemen, capturing scarce capacity at prices set years ago with near-term delivery. It is part of Anthropic's plan to invest over 895 billion USD in computing infrastructure by 2045.

华尔街见闻•2026/11/08 12:41