Tech stocks were lower Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) falling 1.2% and the SPDR S&P Semiconductor ETF (XSD) down 0.2%.
The Philadelphia Semiconductor index shed 0.3%.
In corporate news, ASML (ASML) shares rose 4.4% after the company issued an upbeat Q1 revenue outlook following better-than-expected Q4 results.
Microsoft-backed (MSFT) OpenAI said it has evidence that Chinese AI startup DeepSeek used the San Francisco-based company's AI models to train its offering in a possible infringement of OpenAI's intellectual property, the Financial Times reported. Microsoft shares fell 1.1%.
F5 (FFIV) shares jumped 11%, a day after company reported fiscal Q1 non-GAAP earnings and net revenue that beat estimates by analysts.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.