Sector Update: Tech Stocks Gain Late Afternoon

03:58 PM EST, 11/09/2026 (MT Newswires) -- Tech stocks were higher late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 4.1% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 7.6%. The Philadelphia Semiconductor index gained 7.5%. In sector news, Anthropic on Monday unveiled Claude Fable 5.2 and Claude Mythos 5.2, the newest versions of its AI models. Testers found that Fable 5.2 and Mythos 5.2 communicate more clearly than past models, and they generate outputs up to 30% faster than Fable 5.1 and Mythos 5.1, the company said. In corporate news, SpaceX (SPCX) is planning to invest $24 billion to build a gas-fired power plant and super-compute facility in Starbase, Texas, according to a Starbase notice of public hearing. SpaceX shares rose 5.9%. Nvidia (NVDA) launched an independent investigation following reports that CEO Jensen Huang may have been the target of a foreign intelligence operation after the executive admitted to having an extramarital affair. Nvidia shares were down 4.6%. Coherent (COHR) shares jumped past 16% after it reported fiscal Q1 adjusted earnings and revenue above market forecasts. Monday.com (MNDY) shares fell 8.2% after it issued a Q4 revenue outlook that fell short of Wall Street's expectations, while it flagged continuing pressures from its transition to AI.