03:43 PM EST, 11/07/2025 (MT Newswires) -- Tech stocks fell late Friday afternoon with the Technology Select Sector SPDR Fund (XLK) declining 0.8% and the SPDR S&P Semiconductor ETF (XSD) dropping 3.1%.

The Philadelphia Semiconductor index declined 1.9%.

In corporate news, BlackLine ( BL ) is facing pressure from several investors to explore a potential sale following takeover interest from SAP (SAP), Bloomberg reported. BlackLine ( BL ) shares dropped 5.1%.

A group of about 20 banks is providing $18 billion in project financing to help fund the construction of a data center tied to Oracle (ORCL) in New Mexico, Bloomberg reported. Oracle shares fell 2.5%.

Nvidia ( NVDA ) Chief Executive Officer Jensen Huang said in Taiwan that the company is not in "active discussions" to sell its Blackwell AI chips to China and has no plans to ship them there, Reuters reported. Nvidia ( NVDA ) shares shed 0.6%.

Take-Two Interactive Software ( TTWO ) shares dropped 8%, a day after the company delayed the launch of its Grand Theft Auto VI videogame.

Block (XYZ) shares fell 7.7% after the company reported Q3 adjusted earnings and revenue that missed analyst expectations.