01:56 PM EDT, 05/19/2026 (MT Newswires) -- Tech stocks were mixed Tuesday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) falling 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) gaining 1.3%.

The Philadelphia Semiconductor index climbed 0.8%.

In corporate news, Nvidia's ( NVDA ) fiscal Q1 sales are expected to outperform market projections, with potential for "enhanced" cash returns likely to be among the key areas of focus, BofA Securities said. Nvidia ( NVDA ) shares were little changed.

Meta Platforms ( META ) is moving 7,000 employees into new AI-focused roles as part of a broader restructuring that also includes planned job cuts later this week, Bloomberg reported Monday. Meta shares fell 1.5%.

ASML ( ASML ) plans to begin receiving chip equipment made by its newest machines within months, Reuters reported, citing CEO Christophe Fouquet. ASML ( ASML ) shares fell 0.5%.