03:52 PM EST, 12/31/2024 (MT Newswires) -- Tech stocks fell late Tuesday afternoon with the Technology Select Sector SPDR Fund (XLK) decreasing 0.6% and the SPDR S&P Semiconductor ETF (XSD) down 0.4%.

The Philadelphia Semiconductor index fell 0.5%.

In corporate news, Bit Digital ( BTBT ) signed a master service agreement with an AI compute fund managed by DNA Holdings Venture to provide 576 Nvidia H200 graphics processing units over two years. Bit Digital ( BTBT ) shares dropped 1.7%.

FTAI Aviation ( FTAI ) shares jumped 15% Tuesday, a day after the firm issued its initial financial guidance for fiscal year 2025 and launched a strategic capital initiative.

Texas Instruments ( TXN ) and other non-mainland China chip makers for electric vehicles could lose market share as Beijing pressures domestic EV manufacturers to use microchips produced at home, the Wall Street Journal reported. Texas Instruments ( TXN ) shares were down 0.3%.

EHang ( EH ) said it expects Q4 revenue of 162 million renminbi ($22.2 million), up 20% from the previous guidance of 135 million renminbi. EHang ( EH ) shares rose 0.9%.