Tech stocks fell Tuesday afternoon with the Technology Select Sector SPDR Fund (XLK) dropping 0.7% and the SPDR S&P Semiconductor ETF (XSD) declining 1.5%.
The Philadelphia Semiconductor index shed 1.5%.
In corporate news, Rambus (RMBS) shares tumbled 19%, a day after Q4 results showed a surprise decline in revenue.
Symbotic (SYM) shares plunged 24% as some analysts cut their price targets following the company’s earnings report Monday.
Palantir (PLTR) surged 29% as Q4 revenue rose more than analysts expected.
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