Tech stocks were advancing late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.8% and the SPDR S&P Semiconductor ETF (XSD) adding 1.4%.
The Philadelphia Semiconductor index spiked 1.1%.
In corporate news, Intel’s INTC software and developer cloud subscription revenue may reach $1 billion by the end of 2027, Reuters reported Friday, citing Chief Technology Officer Greg Lavender. Intel shares rose 3%.
Array Technologies 
ARRY shares surged 9.1% after Citigroup upgraded the stock to buy from neutral while lowering its price target to $14 from $17.
A federal judge has granted Apple’s 
AAPL motion to dismiss a class-action lawsuit alleging the firm engages in anticompetitive practices via its agreements with internet search companies that bar market entry for third-party apps. Apple added 1.4%.
Logitech International 
LOGN may delay its annual meeting after the company’s founder secured a court order that prevents it from issuing invites, Bloomberg reported. Logitech shares were rising 1.6%.