01:35 PM EDT, 07/05/2024 (MT Newswires) -- Tech stocks were higher Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) and the SPDR S&P Semiconductor ETF (XSD) each rising 0.6%.

The Philadelphia Semiconductor index added 0.5%.

In corporate news, Nvidia ( NVDA ) faces a "huge bottleneck" in its artificial intelligence chips, and regulators are still deciding on any potential actions, Bloomberg reported Friday, citing Margrethe Vestager, the EU commissioner for competition. Nvidia ( NVDA ) shares were shedding 0.6%.