Tech stocks decline, Meta gains on new AI chips, Luminar downgraded, Smart Global drops 21%.

From Nasdaq: 2024-04-10 13:54:28

Tech stocks, including XLK and XSD, saw declines on Wednesday afternoon. Meta introduced new AI chips, boosting its shares by 0.4%. Luminar faces risks, leading BofA Securities to downgrade its stock and cut the price target. Smart Global shares dropped 21% after fiscal Q2 results were released.



Read more at Nasdaq: Technology Sector Update for 04/10/2024: META, LAZR, SGH