Tech stocks gained in intraday trading Friday, with the S&P 500 Information Technology Sector Index up 0.5% as of 2:45 p.m. ET. The broader S&P 500 was little changed, while the tech-heavy Nasdaq was down 0.1%.

TSMC ( TSM ) American depositary receipts (ADRs) jumped on the semiconductor maker’s strong April sales numbers , while SoundHound AI ( SOUN ) shares took off as the provider of artificial intelligence (AI) voice recognition products posted better-than-expected results and raised its outlook. A soft outlook from Akamai Technologies ( AKAM ) sent shares of the software infrastructure firm tumbling.

TSMC Boasts Blowout April Sales on AI Chip Demand

TSMC’s ADRs advanced close to 5% as the largest contract chipmaker reported April sales soared nearly 60% year-over-year to $7.3 billion last month. They were also up 20.9% from March. The firm, which boasts Apple ( AAPL ) and Nvidia ( NVDA ) as clients, has benefited from booming demand for AI chips.

SoundHound AI Surges as Q1 Revenue Beats Estimates

Also getting a boost from AI product demand was SoundHound AI, which reported first-quarter revenue that beat expectations, and increased its full-year sales guidance. SoundHound AI said its seeing a rise in subscriptions because voice AI is quickly becoming a must-have tool for customer service. Shares surged 8% to $5.14.

A Slowdown in Its Legacy Content-Delivery Business Hurts Akamai Technologies

First-quarter earnings for Akamai Technologies beat analysts’ projections, but sales were below forecasts and it lowered its outlook, sending shares sliding over 10% to $91.25. The company’s legacy content-delivery business was impacted by slower-than-expected growth in media and gaming markets, offsetting strength in its security-software and cloud-computing businesses. Several analysts also dropped their price targets on the stock.