From Nasdaq:

Tech stocks, including the Technology Select Sector SPDR Fund (XLK) and SPDR S&P Semiconductor ETF (XSD), saw gains on Monday, with the Philadelphia Semiconductor index slightly higher. Microsoft is expected to make a big impact with its Q2 results and AI-backed chat assistant, leading Wedbush Securities to maintain an outperform rating and $450 price target, with shares up 0.8%.

Talks to merge Western Digital and Kioxia Holdings have been revived, leading Western Digital stocks to rise 1.8%. Meanwhile, Cardlytics rose 25% after agreeing to a $25 million cash settlement with Shareholder Representative Services to resolve disputes over the Bridg merger agreement and Q4 results.



Read more: Technology Sector Update for 01/29/2024: MSFT, WDC, CDLX