03:31 PM EDT, 08/13/2026 (MT Newswires) -- Tech stocks were mixed late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.3% and the State Street SPDR S&P Semiconductor ETF (XSD) down 0.3%.

The Philadelphia Semiconductor index added 1.2%.

In corporate news, Amazon ( AMZN )-backed (AMZN) Anthropic Chief Financial Officer Krishna Rao is leading early meetings with prospective investors ahead of a potential initial public offering, CNBC reported. The talks have been high-level but have not included discussions about Anthropic's valuation or other specific financials, the report said. Amazon ( AMZN ) shares were down 0.5%.

Cisco ( CSCO ) shares dropped 9.3% after its fiscal Q4 services revenue missed Wall Street's estimates, overshadowing what the networking equipment maker described as record results.

Cerebras Systems ( CBRS ) shares fell past 12% after the firm swung to a Q2 loss, although core revenue more than doubled year over year and topped market estimates amid cloud growth.

Sandisk ( SNDK ) shares jumped 14% after it said it expects revenue to grow at a mid-to-high-teens rate from fiscal 2028 through fiscal 2030.