03:49 PM EDT, 09/24/2025 (MT Newswires) -- Tech stocks declined late Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.7% and the SPDR S&P Semiconductor ETF (XSD) down 0.5%.

The Philadelphia Semiconductor index was shedding 0.2%.

In corporate news, Apple ( AAPL ) could see limited upside to the average selling prices of its iPhone 17 due to elevated wait times for the base model, UBS Securities said in a note. Apple ( AAPL ) shares were falling 1.2%.

Cardlytics ( CDLX ) shares surged 26% after Citron Research said it believes the advertising platform operator has the resources to rebuild and see its stock rise from current levels.

Integral Ad Science ( IAS ) shares jumped 20% after the digital ad verification company agreed to be acquired and taken private by Novacap in an all-cash deal worth $1.9 billion.

Adobe's (ADBE) slowing digital media annual recurring revenue has fueled concern about the company's ability to prove generative AI as a net growth driver, Morgan Stanley said in a note. The firm downgraded Adobe to equal-weight from overweight and cut its price target to $450 from $520. Adobe shares fell 2.7%.