03:50 PM EDT, 06/12/2025 (MT Newswires) -- Tech stocks were mixed late Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.9% and the SPDR S&P Semiconductor ETF (XSD) easing 0.1%.

The Philadelphia Semiconductor index added 0.3%.

In corporate news, Simulations Plus ( SLP ) shares fell past 23%, a day after the company cut its fiscal 2025 revenue guidance.

Microsoft ( MSFT ) -backed OpenAI is tapping Saudi Arabia's Public Investment Fund, India's Reliance Industries, and existing shareholder UAE's MGX to invest in the next installment of its SoftBank-led $40 billion financing, The Information reported late Wednesday. Microsoft ( MSFT ) shares were rising 1.3%.

Oracle (ORCL) shares jumped nearly 13%, a day after the company posted fiscal Q4 non-GAAP net income and revenue that topped Wall Street forecasts. The results and an increased revenue outlook are expected to help ease margin concerns, UBS Securities said.

Amazon.com ( AMZN ) asked the EU General Court to scrap the European Commission's designation of the company as a "very large online platform" under the bloc's Digital Services Act, Reuters reported, citing Robert Spano, an Amazon ( AMZN ) lawyer. Amazon ( AMZN ) shares were easing 0.3%.