From Nasdaq: 2024-05-17 13:48:08

Tech stocks, including XLK and XSD, were down on Friday, with the Philadelphia Semiconductor index falling 0.6%. Google DeepMind, a subsidiary of Alphabet, introduced a safety framework for future AI capabilities. Alphabet shares were up by 1%.

Microsoft plans to release the next Call of Duty game on its subscription service, a departure from traditional sales. The tech giant’s shares decreased by 0.4%. Reddit will utilize Microsoft-backed OpenAI’s ChatGPT for content, leading to a nearly 12% increase in Reddit shares.



Read more at Nasdaq: Technology Sector Update for 05/17/2024: GOOG, MSFT, RDDT