Sector Update: Tech Stocks Gain Thursday Afternoon

MT newswire2026/10/01 17:42

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

01:42 PM EDT, 10/01/2026 (MT Newswires) -- Tech stocks were higher Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.2% and the State Street SPDR S&P Semiconductor ETF (XSD) up 1.8%. The Philadelphia Semiconductor index added 2%. In corporate news, Accenture (ACN) reported stronger-than-expected fiscal Q4 results on Thursday, and it forecast earnings and revenue in the ongoing fiscal year to rise annually. Its shares jumped 18%. Micron Technology (MU) late Wednesday provided a fiscal Q1 outlook above Wall Street's estimates and reported stronger-than-expected Q4 results amid rising memory prices. Micron shares rose 1.4%. Broadcom (AVGO) has agreed to lend Amazon-backed (AMZN) Anthropic up to $42 billion to finance infrastructure spending under a partnership covering chip supply, equipment leasing and financing, Reuters reported, citing Anthropic's IPO prospectus documents. Broadcom shares were down 0.4%.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Marvell expects total revenue to reach $20 billion for fiscal year 2028, higher than the previously stated $18 billion and exceeding Wall Street’s estimate of $18.2 billion. The company also expects fiscal year 2031 revenue to reach between $70 billion and $90 billion, far surpassing Wall Street’s forecast of $46.85 billion. Following the announcement, Marvell's share price rose by nearly 9% at one point.

华尔街见闻•2026/10/06 17:11