---
title: "Sector Update: Tech Stocks Mixed in Afternoon Trading"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286952232.md"
description: "Tech stocks showed mixed performance with the State Street Technology Select Sector SPDR ETF (XLK) down 0.2% and the S&P Semiconductor ETF (XSD) up 1.3%. Nvidia's fiscal Q1 sales are projected to exceed expectations, while Meta Platforms is restructuring, moving 7,000 employees to AI roles and planning job cuts, resulting in a 1.5% drop in shares. ASML's shares fell 0.5% as it prepares to receive new chip equipment soon."
datetime: "2026-05-19T17:56:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286952232.md)
  - [en](https://longbridge.com/en/news/286952232.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286952232.md)
---

# Sector Update: Tech Stocks Mixed in Afternoon Trading

01:56 PM EDT, 05/19/2026 (MT Newswires) -- Tech stocks were mixed Tuesday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) falling 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) gaining 1.3%.

The Philadelphia Semiconductor index climbed 0.8%.

In corporate news, Nvidia's ( NVDA ) fiscal Q1 sales are expected to outperform market projections, with potential for "enhanced" cash returns likely to be among the key areas of focus, BofA Securities said. Nvidia ( NVDA ) shares were little changed.

Meta Platforms ( META ) is moving 7,000 employees into new AI-focused roles as part of a broader restructuring that also includes planned job cuts later this week, Bloomberg reported Monday. Meta shares fell 1.5%.

ASML ( ASML ) plans to begin receiving chip equipment made by its newest machines within months, Reuters reported, citing CEO Christophe Fouquet. ASML ( ASML ) shares fell 0.5%.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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