From Nasdaq: 2024-05-17 15:55:04

Tech stocks showed mixed performance on Friday afternoon, with XLK down 0.2% and XSD slightly up. The Philadelphia Semiconductor index fell 0.7%. Apple is reportedly developing a thinner iPhone to launch in 2025 at the earliest, boosting its shares by 0.1%.

DXC Technology shares plunged 16.5% after reporting lower fiscal Q4 earnings. Nvidia is expected to beat Q1 estimates, but BofA Securities warns of near-term volatility, maintaining a buy rating with a $1,100 price target as shares dropped 2%.

Salesforce looks stable heading into Q1 results, with potential for growth in AI product adoption. Morgan Stanley reaffirms an overweight rating with a $350 price target as shares climbed 0.4%.



Read more at Nasdaq: Technology Sector Update for 05/17/2024: AAPL, DXC, NVDA, CRM