03:32 PM EDT, 09/03/2024 (MT Newswires) -- Tech stocks were sharply lower late Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) falling 4.4% and the SPDR S&P Semiconductor ETF (XSD) tumbling 7.4%.

The Philadelphia Semiconductor index sank 7.4%.

In corporate news, Sify Technologies ( SIFY ) shares surged 107% after the company said Monday it has been certified to provide liquid cooling technology for Nvidia (NVDA) data centers.