03:52 PM EDT, 03/20/2026 (MT Newswires) -- Tech stocks were lower late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 2.7% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 3.3%.

The Philadelphia Semiconductor index slumped 3.5%.

In corporate news, Super Micro Computer ( SMCI ) shares fell 33% after the company placed two employees on administrative leave and terminated a contractor after US prosecutors indicted all three for allegedly conspiring to violate export controls.

Alphabet-backed (GOOGL) Kalshi has raised over $1 billion at a $22 billion valuation in a new funding round, led by an investment from Coatue Management, media outlets reported Friday. Alphabet shares were down 2.7%.

Nvidia ( NVDA ) will sell 1 million graphics processing units to Amazon's ( AMZN ) AWS by 2027, an Nvidia ( NVDA ) executive told Reuters. Ian Buck, Nvidia's ( NVDA ) vice president of hyperscale and high-performance computing, said shipments will begin this year and continue through 2027. Nvidia ( NVDA ) shares were shedding 3.2%, and Amazon ( AMZN ) was down 1.9%.

Roblox ( RBLX ) will take a share of revenue from game sponsorships as part of advertising policy overhaul, with more details to be shared in Q2, Bloomberg reported, citing a company memo. Roblox ( RBLX ) shares were down 1.7%.