03:58 PM EDT, 06/27/2025 (MT Newswires) -- Tech stocks declined late Friday afternoon with the Technology Select Sector SPDR Fund (XLK) down 0.1% and the SPDR S&P Semiconductor ETF (XSD) falling 0.5%.

The Philadelphia Semiconductor index was little changed, paring recent losses.%.

In corporate news, Meta (META) executives held talks on "de-investing" in the company's AI model Llama, The New York Times reported. The executives discussed adopting closed-source AI models such as those of Anthropic and Microsoft ( MSFT )-backed (MSFT) OpenAI, in contrast with Llama's open-source model, the report said. Meta shares rose 0.6%.

Microsoft ( MSFT ) is facing delays in the production of its AI chip Braga with mass output now expected next year, The Information reported. Microsoft ( MSFT ) shares fell 0.3%.

Locafy ( LCFY ) shares more than tripled. The company said it partnered with an undisclosed major US online reputation platform to deploy its AI-ready digital search services.