03:51 PM EDT, 07/18/2025 (MT Newswires) -- Tech stocks were mixed late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) easing 0.1% and the SPDR S&P Semiconductor ETF (XSD) adding 0.6%.

The Philadelphia Semiconductor index was 0.1% lower.

In corporate news, Microsoft ( MSFT ) has stopped selling new movies and television shows on Microsoft.com, the Microsoft Store on Windows, and the Microsoft Store on Xbox, the company said Friday. Its shares were down 0.4%.

Joby Aviation ( JOBY ) Chief Executive JoeBen Bevirt said the era of "flying cars" is nearly here, as the company plans to launch commercial electric air taxi service in Dubai next year, according to a Friday interview with The Information. Joby shares rose 1.9%.

Dell (DELL) has the potential to post EPS of $19.01 in 2030, more than doubling EPS of $8.14 recorded in fiscal 2025, BofA Securities said in a note. BofA raised its price target on the stock to $165 from $155 and kept its buy rating. Dell jumped 6%.

Alphabet (GOOG) is expected to post better-than-projected Q2 results amid a boost from an improved macro environment and forex tailwinds, BofA Securities said. BofA raised its price objective on the company to $210 from $200 while reiterating its buy rating. Alphabet shares rose 0.6%.