<div id="readability-page-1"><div><p>(MT Newswires) -- Tech stocks were mixed Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.1% and the SPDR S&amp;P Semiconductor ETF (XSD) easing 0.3%.</p><p> The Philadelphia Semiconductor index was 0.3% lower.</p><p> In corporate news, CoreWeave (CRWV) will supply Meta Platforms (META) with $14.2 billion worth of computing power under a new deal signed by the two companies, Bloomberg reported, citing an interview with CoreWeave Chief Executive Michael Intrator. CoreWeave shares jumped nearly 13%, while Meta was down 1.9%.</p><p> Wolfspeed (WOLF) shares surged 38% after the silicon carbide chipmaker said it completed its financial restructuring and exited Chapter 11 bankruptcy protection.</p><p> Spotify (SPOT) said Tuesday it appointed Gustav Soderstrom and Alex Norstrom as co-chief executive officers, with CEO Daniel Ek set to become executive chairman, effective Jan. 1. Soderstrom is currently chief product and technology officer, while Norstrom is chief business officer. Spotify shares fell past 6%.</p><p>Alibaba (BABA) is in talks to buy the top 13 floors of the One Causeway Bay building in Hong Kong from the Mandarin Oriental Hotel for about 7 billion Hong Kong dollars ($900 million), the Hong Kong Economic Times reported. Alibaba shares were down 0.7%.</p></div></div>

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<p>Tech stocks showed mixed performance on Tuesday, with the Technology Select Sector SPDR Fund up 0.1% and the SPDR S&P Semiconductor ETF down 0.3%. CoreWeave's shares surged nearly 13% after securing a $14.2 billion deal with Meta Platforms, while Meta's shares fell 1.9%. Wolfspeed's shares jumped 38% post-bankruptcy restructuring. Spotify appointed new co-CEOs, leading to a 6% drop in its shares. Alibaba is negotiating to purchase a building in Hong Kong for $900 million, with its shares down 0.7%.</p>

- Tech stocks showed mixed performance, with the Technology Select Sector SPDR Fund up 0.1% and the SPDR S&P Semiconductor ETF down 0.3%.  
- CoreWeave signed a $14.2 billion deal to supply computing power to Meta Platforms, causing CoreWeave shares to rise nearly 13%, while Meta's shares fell 1.9%.  
- Wolfspeed shares surged 38% after exiting Chapter 11 bankruptcy, and Spotify announced new co-CEOs, leading to a 6% drop in its stock.

Sector Update: Tech Stocks Mixed Tuesday Afternoon