Tech stocks had mixed performance, with some rising and some falling; Monday.com shares surged 11%.

From Nasdaq: 2024-08-12 14:03:15

Tech stocks had a mixed afternoon, with XLK rising 0.9% and XSD falling 0.2%. The Philadelphia Semiconductor Index increased by 0.7%. Monday.com (MNDY) shares soared 11% after reporting strong Q2 results and raising its full-year revenue forecast.

Apple (AAPL) is projected to ship more iPhone 16 units than expected, potentially driven by AI features. Wedbush Securities noted more customers may upgrade, leading to a 0.4% increase in Apple shares. Draganfly (DPRO) saw a 33% surge following an announcement of selecting a distributor for its drone technology in Australia.



Read more at Nasdaq: Sector Update: Tech Stocks Mixed Monday Afternoon