Tech stocks were mixed Monday afternoon with the Technology Select Sector SPDR Fund (XLK) edging up 0.2% and the SPDR S&P Semiconductor ETF (XSD) easing 0.2%.

The Philadelphia Semiconductor index increased 0.5%.

In corporate news, Strategy (MSTR) set up a $1.44 billion reserve in dollars to support dividend payments on its preferred stock and interest on outstanding debt. The shares fell past 8%.

Synopsys (SNPS) reported a deepening of its partnership with Nvidia (NVDA) to link its engineering software more closely with the chipmaker's AI and accelerated computing platforms alongside a $2 billion equity investment. Synopsys shares jumped 4.7%, and Nvidia rose 1.4%.

Shopify (SHOP) is facing an outage with merchants experiencing issues when trying to login to the company's platform, the Canadian e-commerce firm said on its operational status blog on Monday. Its shares were down 4.4%.