03:49 PM EDT, 09/17/2025 (MT Newswires) -- Tech stocks were mixed late Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) down 0.3% and the SPDR S&P Semiconductor ETF (XSD) adding 0.6%.

The Philadelphia Semiconductor index eased 0.2%.

In corporate news, Microsoft ( MSFT ) shares were up 0.2%. The company has signed a binding, five-year $6.2 billion agreement with Norwegian industrial investment company Aker and UK data center company Nscale to secure high-performance AI computing capacity in Norway, the companies said Wednesday.

China's Cyberspace Administration has told major Chinese technology companies, including Alibaba (BABA) and ByteDance, to terminate their testing and orders of Nvidia's ( NVDA ) RTX Pro 6000D AI chips, the Financial Times reported. Nvidia ( NVDA ) shares were down 2.5%.

Activist investor Elliott Investment Management, which said it holds a more than $2 billion stake in Workday (WDAY), said the company has made "substantial progress" in improving its performance. Separately, Workday said its board has approved the repurchase of up to $4 billion of additional shares. Workday shares jumped past 6%.

Reddit ( RDDT ) is in early talks with Alphabet's (GOOG) Google ( GOOG ) for a content-sharing agreement that would go beyond transactional licensing deals and generate more value for the data it provides, Bloomberg reported. Reddit ( RDDT ) shares were up 0.5%, and Alphabet was shedding 0.5%.