Tech stocks were mixed in Thursday afternoon trading, with the Technology Select Sector SPDR Fund (XLK) fractionally up and the SPDR S&P Semiconductor ETF (XSD) falling 2.6%.
The Philadelphia Semiconductor index eased 0.3%.
In sector news, US lawmakers are planning to propose legislation banning DeepSeek's chatbot app from government-owned devices, citing security concerns that it could send user data to the Chinese government, The Wall Street Journal reported.
In corporate news, Roblox (RBLX) shares fell past 13% after the video game platform projected 2025 sales below expectations after reporting mixed Q4 results.
Skyworks Solutions (SWKS) shares dropped 23% after it reported fiscal Q1 non-GAAP net income and net revenue late Wednesday that slumped from a year ago.
InterDigital (IDCC) shares jumped past 14% after the company reported Q4 results that beat estimates.
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