From NASDAQ:

Tech stocks are down as the Technology Select Sector SPDR Fund (XLK) and the SPDR S&P Semiconductor ETF (XSD) are both falling. Microsoft, Google parent Alphabet, and Apple are expected to lead the way in artificial intelligence monetization, potentially boosting the Nasdaq to 20,000 this year, according to Wedbush. Microsoft shares fell 1.7%, Alphabet shed 1.1%, and Apple dropped 3.8%.

ASML faces export restrictions to China as the US convinced authorities in the Netherlands to block a shipment of microchip-making equipment. ASML said its export license for two lithography systems had been “partially revoked” by the Netherlands, impacting a small number of customers in China. ASML shares slumped 4.5%. Tower Semiconductor reports minor damage to two Japanese manufacturing facilities following an earthquake in the Ishikawa prefecture, with no impact on operations. Shares were shedding 0.8%.



Read more: Technology Sector Update for 01/02/2024: MSFT, GOOG, AAPL, TSEM, ASML