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Sector Update: Tech Stocks Mixed Monday Afternoon

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Tech stocks were mixed Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.4% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 1.2%.

The Philadelphia Semiconductor index rose 1.5%.

In corporate news, Amazon-backed (AMZN) Anthropic has confidentially submitted a draft registration statement for a proposed initial public offering to the US Securities and Exchange Commission, the company said Monday. Amazon shares were down 3.2%.

Nvidia (NVDA) has launched RTX Spark, a new AI chip that will be used in Microsoft (MSFT) Windows laptops and desktops. Nvidia's shares climbed 5%, and Microsoft added 2.2%.

Salesforce (CRM) shares gained 9.6% after the company said it will invest $2 billion in France through 2030 to expand its AI and cloud operations.

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