01:10 PM EST, 11/07/2025 (MT Newswires) -- Tech stocks were lower Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) falling 1.8% and the SPDR S&P Semiconductor ETF (XSD) dropping 4.8%.

The Philadelphia Semiconductor index slumped 3.6%.

In corporate news, Nvidia ( NVDA ) Chief Executive Jensen Huang said in Taiwan that the company is not in "active discussions" to sell its Blackwell AI chips to China and has no plans to ship them there, Reuters reported. Nvidia ( NVDA ) shares were falling 2.4%.