01:47 PM EDT, 09/17/2025 (MT Newswires) -- Tech stocks were mixed Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) down 0.6% and the SPDR S&P Semiconductor ETF (XSD) 0.1% higher.

The Philadelphia Semiconductor index shed 0.5%.

In corporate news, China's Cyberspace Administration has told major Chinese technology companies, including Alibaba (BABA) and ByteDance, to terminate their testing and orders of Nvidia's ( NVDA ) RTX Pro 6000D AI chips, the Financial Times reported. Nvidia ( NVDA ) shares were down 2.6%.

Activist investor Elliott Investment Management, which said it holds a more than $2 billion stake in Workday (WDAY), said the company has made "substantial progress" in improving its performance. Separately, Workday said its board has approved the repurchase of up to $4 billion of additional shares. Workday shares jumped past 7%.

Reddit ( RDDT ) is in early talks with Alphabet's (GOOG) Google ( GOOG ) for a content-sharing agreement that would go beyond transactional licensing deals and generate more value for the data it provides, Bloomberg reported. Reddit ( RDDT ) shares were down 3.3%, and Alphabet was shedding 1%.