Sector Update: Tech
MT newswire2026/08/31 17:02Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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01:02 PM EDT, 08/31/2026 (MT Newswires) -- Tech stocks were slightly higher Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) increasing 0.1% and the State Street SPDR S&P Semiconductor ETF (XSD) fractionally higher. The Philadelphia Semiconductor index added 0.3%. In corporate news, Nvidia (NVDA) expanded its partnership with chip designer MediaTek, including a $3.5 billion investment, to support adoption of the company's proprietary interconnect technology for custom rack-scale AI chips. Nvidia shares were up 1.1%.
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