Tech stocks are flat to higher premarket, with SolarEdge cutting jobs and Apple shipping more iPhones.

From Nasdaq: 2024-07-15 09:11:33

The SPDR S&P Semiconductor ETF (XSD) remained unchanged, while the Technology Select Sector SPDR Fund (XLK) was up 0.5% premarket. SolarEdge Technologies (SEDG) is cutting 400 jobs, with 200 in Israel, leading to a 7.8% drop in shares. On the positive side, Apple (AAPL) shipped over 45.2 million iPhones in Q2, up from the previous year. Ericsson (ERIC) signed a cross-license deal with OPPO for 5G technology, causing a 2% decline in shares.



Read more at Nasdaq: Sector Update: Tech Stocks Flat to Higher Premarket Monday