03:58 PM EDT, 07/01/2024 (MT Newswires) -- Tech stocks were mixed late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.8% and the SPDR S&P Semiconductor ETF (XSD) slipping 0.4%.

The Philadelphia Semiconductor index was up 0.1%.

In corporate news, Logitech ( LOGI ) founder Daniel Borel wants to replace Chair Wendy Becker and has proposed Guy Gecht as the replacement, Bloomberg reported, citing a letter sent by Borel to Logitech ( LOGI ). The company's shares declined 0.5%.

Complete Solaria ( CSLR ) shares surged 32% after the company said it had cancelled $67.6 million in debt from its balance sheet and was released by Carlyle (CG) and Kline Hill Partners from obligations related to that debt.

Meta Platforms' ( META ) advertising model is in breach of the European Commission's new digital competition law, according to the regulator's preliminary view. Meta shares were up 0.2%.

French antitrust regulators are preparing charges against Nvidia ( NVDA ) for alleged anticompetitive practices, Reuters reported Monday. Nvidia ( NVDA ) shares were rising 0.6%.