Tech stocks were mixed Thursday with the Technology Select Sector SPDR Fund (XLK) up 0.1% and the SPDR S&P Semiconductor ETF (XSD) little changed, paring earlier losses.

The Philadelphia Semiconductor index rose 1.5%.

In corporate news, Apple (AAPL) suppliers are working on plans to mass produce new iPhone models in India, assuming the device will be exempt from the recent 50% tariff rate, Nikkei Asia reported. Separately, Apple said it plans to invest an additional $100 billion in the US and bring more of its supply chain and advanced manufacturing to the country amid Trump's aim to impose 100% tariffs on semiconductor imports. Apple shares gained 3.2%.

Microsoft-backed (MSFT) OpenAI said Thursday it is launching its newest AI system, GPT-5. Microsoft shares fell 1.1%.

Core Scientific (CORZ) shareholder Two Seas Capital said in a letter to investors that it plans to vote against the company's proposed sale to CoreWeave (CRWV), unless the deal terms are revised. Core Scientific shares rose 1.7%, and CoreWeave jumped 9.8%.

President Donald Trump said on Truth Social that Intel (INTC) Chief Executive Officer Lip-Bu Tan is "highly conflicted" and should resign immediately. Intel shares fell 3.1%.

Sabre (SABR) shares dropped 36% after its Q2 adjusted net loss and revenue missed analyst estimates.