12:59 PM EDT, 10/07/2025 (MT Newswires) -- Tech stocks were lower Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) down 0.8% and the SPDR S&P Semiconductor ETF (XSD) falling 1.6%.

The Philadelphia Semiconductor index declined 1.7%.

In corporate news, Oracle (ORCL) is seeing thin profit margins in its fast-growing AI cloud server business, according to internal documents cited by The Information on Monday. Oracle shares were down 4.2%.