Tech stocks rise on Friday afternoon, with some facing challenges

From Nasdaq: 2024-07-05 13:51:58

Tech stocks like XLK and XSD were up by 0.6% Friday afternoon, while the Philadelphia Semiconductor index rose by 0.5%. Nvidia faces challenges with its AI chips, causing a 0.7% drop in shares as regulators deliberate on possible actions.

KKR and Francisco Partners are in the final bidding round to acquire Instructure, boosting shares by 5.3%. OpenAI, backed by Microsoft, experienced a security breach last year, undisclosed until now, resulting in a 1.5% increase in Microsoft shares.



Read more at Nasdaq: Sector Update: Tech Stocks Rise Friday Afternoon