03:48 PM EDT, 10/16/2025 (MT Newswires) -- Tech stocks declined late Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) down 0.2% and the SPDR S&P Semiconductor ETF (XSD) shedding 1.1%.

The Philadelphia Semiconductor index was down 0.1%.

In corporate news, F5 (FFIV) shares dropped over 10% after Bloomberg reported that the company's systems were allegedly breached by state-backed hackers from China. The cybersecurity firm reported the breach Wednesday in a regulatory filing.

Elon Musk's xAI is planning a $20 billion lease-to-own deal for Nvidia ( NVDA ) chips for its Colossus 2 data center in Memphis, Tennessee, The Information reported. Nvidia ( NVDA ) added 0.7%.

Apple ( AAPL ) is preparing to launch a revamped MacBook Pro with a touch screen, Bloomberg reported Thursday. Apple ( AAPL ) shares were falling 1%.

Microsoft ( MSFT ) reported a series of new updates to its Windows 11 operating system aimed at making its Copilot AI assistant more accessible to users. Its shares were down 0.7%.