03:21 PM EDT, 10/10/2025 (MT Newswires) -- Tech stocks were falling late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) down 3.2% and the SPDR S&P Semiconductor ETF (XSD) dropping 5.6%.

The Philadelphia Semiconductor index slumped 5.1%.

In corporate news, Microsoft ( MSFT )-backed (MSFT) OpenAI is launching Stargate Argentina, an AI infrastructure project to develop a large-scale data center in the country, the Argentine government said in a statement Friday. Microsoft ( MSFT ) shares were down 1.6%.