Tech stocks fell late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) declining 2.1% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 3.4%.
The Philadelphia Semiconductor Index retreated 3.6%.
In corporate news, Nvidia's (NVDA) board has approached Arm (ARM) boss Rene Haas in its search for a potential successor to Jensen Huang, the Financial Times reported. Haas, who previously worked at Nvidia for about seven years, is among several candidates and is not guaranteed an offer, the report said. Nvidia shares were down 2%, and Arm was falling 4.9%.
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