From Nasdaq: 2024-05-16 14:01:39

Tech stocks saw gains, with XLK up 0.1% and XSD up 0.2%. The Philly Semiconductor index rose 0.4%. Synopsys and Ansys are facing regulatory scrutiny in China over a $35 billion acquisition deal. Alphabet’s Google may license AI for iPhones at Apple’s conference in June. Cisco beat Q3 expectations but shares fell 2.6%.



Read more at Nasdaq: Technology Sector Update for 05/16/2024: SNPS, ANSS, GOOG, AAPL, CSCO