01:31 PM EST, 02/11/2025 (MT Newswires) -- Tech stocks were declining Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) fractionally lower and the SPDR S&P Semiconductor ETF (XSD) down 0.6%.

The Philadelphia Semiconductor index was 0.1% higher.

In corporate news, Intel ( INTC ) shares jumped past 7% after US Vice President JD Vance said that the "most powerful" artificial intelligence systems will be built in the US.