03:30 PM EDT, 05/28/2025 (MT Newswires) -- Tech stocks were mixed late Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) little changed and the SPDR S&P Semiconductor ETF (XSD) easing 0.1%.

The Philadelphia Semiconductor index added 0.2%.

In sector news, Nvidia's ( NVDA ) fiscal Q1 earnings are due after the bell. While AI demand around the company's Blackwell GPU microarchitecture is higher than supplies, investors will be looking at the impact of President Donald Trump's export limit on H20 chips and uncertainty related to business with China, Wedbush Securities said. Nvidia ( NVDA ) shares rose 1%.

In corporate news, Palantir ( PLTR ) plans to collaborate with Fannie Mae to launch an AI-backed crime detection unit. The new platform will support the detection and prevention of mortgage fraud in the US housing market. Palantir ( PLTR ) shares added 1.2%.