From Nasdaq: 2024-04-25 15:53:54

Tech stocks saw a mix in performance, with the XLK down 0.4% and the XSD up 2%. The Philadelphia Semiconductor Index gained 2%. Rubrik’s shares soared 19% on its NYSE debut, opening at $38.60 above the $32 IPO price.

Apple faces supply chain concerns over conflict minerals, as lawyers from the DRC demand action. AAPL shares rose 0.5%. Meta Platforms beat Q1 estimates but lowered 2024 spending guidance, causing a 10% drop in shares.

IBM acquires HashiCorp for $6.4 billion, but Q1 revenue disappoints, leading to a 9% drop in IBM shares and a 4.7% increase for HashiCorp.



Read more at Nasdaq: Technology Sector Update for 04/25/2024: RBRK, AAPL, META, IBM, HCP