02:00 PM EST, 01/08/2026 (MT Newswires) -- Tech stocks declined Thursday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.8% and the State Street SPDR S&P Semiconductor ETF (XSD) shedding 0.4%.

The Philadelphia Semiconductor index slipped 1.9%.

In corporate news, CrowdStrike ( CRWD ) fell 3.6% after the company agreed to buy SGNL, a continuous identity security platform. The deal is valued at $740 million, CNBC reported.

Microsoft ( MSFT )-backed (MSFT) OpenAI recently set aside an employee stock grant pool worth 10% of the AI lab, The Information reported. The estimated $50 billion worth of restricted stock units is meant to last around five years, the report said. Microsoft ( MSFT ) shares fell 1.3%.

Nvidia ( NVDA ) may get Chinese approval for some imports of its H200 AI chips as soon as this quarter, Bloomberg reported. The chip will be barred from China's military, sensitive government agencies, critical infrastructure, and state-owned enterprises amid security concerns, the report said. Nvidia ( NVDA ) shares fell 2.7%.