01:33 PM EDT, 08/05/2025 (MT Newswires) -- Tech stocks were declining Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.6% and the SPDR S&P Semiconductor ETF (XSD) shedding 0.7%.

The Philadelphia Semiconductor index fell 1%.

In corporate news, the US is looking at ways to equip AI chips with better location-tracking capabilities, Bloomberg reported, citing a senior government official. Nvidia ( NVDA ) representatives were asked by Beijing last week to explain alleged security risks related to its AI chips sold to China. Nvidia ( NVDA ) shares were down 1%.