03:50 PM EST, 02/24/2025 (MT Newswires) -- Tech stocks declined late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.9% and the SPDR S&P Semiconductor ETF (XSD) dropping 1.7%.

The Philadelphia Semiconductor index fell 1.8%.

In corporate news, Nvidia ( NVDA ) sued EU antitrust regulators for scrutinizing its acquisition of AI startup Run:ai, claiming they flouted an earlier court ruling restricting their merger powers on minor deals, Reuters reported. Nvidia ( NVDA ) shares were falling 1.5%.

Apple ( AAPL ) plans more than $500 billion in US investments over the next four years, including an artificial intelligence server factory in Texas. Apple ( AAPL ) shares rose 0.8%.

CrowdStrike ( CRWD ) shares fell 3.2% after Arete downgraded the stock to neutral from buy, with a price target of $456.

Intel ( INTC ) said Monday it has launched its Xeon 6 processors,

which have advancements for data center and networking portfolios. Its shares were shedding 2%.