01:45 PM EST, 11/26/2024 (MT Newswires) -- Tech stocks were mixed in Tuesday afternoon trading, with the Technology Select Sector SPDR Fund (XLK) up 0.3% and the SPDR S&P Semiconductor ETF (XSD) shedding 0.6%.

The Philadelphia Semiconductor index fell 1.5%.

In corporate news, Semtech ( SMTC ) shares jumped past 19% after the company posted fiscal Q3 non-GAAP earnings, net sales, and fiscal Q4 non-GAAP EPS guidance that topped consensus estimates.

Qualcomm's ( QCOM ) takeover interest in Intel ( INTC ) is cooling due to complexities related to the potential deal, Bloomberg reported late Monday. Intel ( INTC ) shares fell 3.1%, while Qualcomm ( QCOM ) was down 0.9%.

Nano Dimension ( NNDM ) shareholder Murchinson said Tuesday that all three independent proxy advisory firms have recommended that shareholders support board changes at the annual meeting of shareholders on Dec. 6. Nano Dimension ( NNDM ) shares dropped 2.9%.