03:31 PM EST, 02/21/2025 (MT Newswires) -- Tech stocks were in the red late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) falling 2.6% and the SPDR S&P Semiconductor ETF (XSD) dropping 3.5%.

The Philadelphia Semiconductor index retreated 3.3%.

In corporate news, Advanced Micro Devices ( AMD ) is in talks to sell some data center manufacturing plants, Bloomberg reported. Its shares were falling 2.7%.