03:53 PM EDT, 04/18/2024 (MT Newswires) -- Tech stocks fell late Thursday afternoon with the Technology Select Sector SPDR Fund (XLK) down 1% and the SPDR S&P Semiconductor ETF (XSD) falling 1.6%.

The Philadelphia Semiconductor index dropped 1.6%.

In corporate news, VirTra ( VTSI ) shares surged 17% after the company won a $5.9 million order for prototypes to support the US Army's Integrated Visual Augmentation System program.

AGBA (AGBA) shares more than doubled as the company agreed to merge with social video platform Triller.

Infosys ( INFY ) reported better-than-expected fiscal Q4 earnings amid flat revenue and announced the acquisition of German automotive services provider in-tech. Infosys ( INFY ) shares shed 2.6%.

Taiwan Semiconductor Manufacturing ( TSM ) reported Q1 earnings of 8.70 New Taiwan dollars ($0.27) per share, up from NT$7.98 a year earlier. Analysts polled by Capital IQ expected NT$8.33. Its shares tumbled 4.7%.