Tech stocks were mixed in late Tuesday afternoon trading, with the Technology Select Sector SPDR Fund (XLK) increasing 0.4% and the SPDR S&P Semiconductor ETF (XSD) shedding 0.5%.

The Philadelphia Semiconductor index rose 0.3%.

In corporate news, Apple's (AAPL) main suppliers in India, Foxconn and Tata, shipped nearly $2 billion worth of iPhones in March to the US to get out in front of President Donald Trump's looming tariffs, Reuters reported, citing customs data it reviewed. Apple shares eased 0.1%.

Microsoft-backed (MSFT) OpenAI is developing a new social network similar to X with a focus on ChatGPT's image generation features, The Verge reported. Microsoft shares were down 0.6%.

Applied Digital (APLD) shares tumbled 36% after it reported overnight fiscal Q3 revenue that missed analysts' expectations.

Elliott Investment Management has taken a position worth over $1.5 billion in Hewlett Packard Enterprise (HPE), Bloomberg reported. HP Enterprise shares climbed 5.3%.