03:50 PM EDT, 03/20/2025 (MT Newswires) -- Tech stocks were in the red late Thursday afternoon with the Technology Select Sector SPDR Fund (XLK) falling 1% and the SPDR S&P Semiconductor ETF (XSD) dropping 1.6%.

The Philadelphia Semiconductor index declined 1%.

In corporate news, Meta (META) said Thursday that advertisers must disclose when AI is used to create or alter political or social issue ads as part of the company's efforts to fight misinformation ahead of Canada's federal election this year. Meta shares were rising 0.6%.

Yiren Digital ( YRD ) shares tumbled past 20% after it reported Thursday a year-over-year decline in Q4 net income.

Apple's ( AAPL ) streaming service Apple TV+ is losing over $1 billion a year despite subscriptions having grown to 45 million last year, The Information reported. Separately, Apple ( AAPL ) is moving its Vision Products Group chief Mike Rockwell to take charge of the Siri digital assistant after Chief Executive Officer Tim Cook lost confidence in the ability of AI head John Giannandrea to execute on product development, Bloomberg reported. Apple ( AAPL ) shares declined 0.7%.

Japan's SoftBank is buying chip design company Ampere Computing from Carlyle (CG) and Oracle (ORCL) for $6.5 billion, expanding its AI investments in the US. Carlyle shares rose 1% and Oracle shares added 0.4%.