03:29 PM EST, 02/24/2025 (MT Newswires) -- Tech stocks declined late Monday afternoon with the Technology Select Sector SPDR Fund (XLK) decreasing 0.9% and the SPDR S&P Semiconductor ETF (XSD) dropping 1.7%.

The Philadelphia Semiconductor index fell 1.8%.

In corporate news, Nvidia ( NVDA ) sued EU antitrust regulators for scrutinizing its acquisition of AI startup Run:ai, claiming they flouted an earlier court ruling restricting their merger powers on minor deals, Reuters reported. Nvidia ( NVDA ) shares fell 1.4%.