From Nasdaq.: 2024-08-05 09:09:27

Technology stocks, including XLK and XSD, were down premarket on Monday. Berkshire Hathaway reduced its stake in Apple to $84.2 billion in Q2, down from $135.4 billion in the previous quarter, causing Apple’s shares to drop nearly 10% pre-bell.

Nvidia’s new AI chips may face a three-month delay due to design issues, impacting major customers like Microsoft, Meta Platforms, and Google. Nvidia’s shares fell by almost 12% premarket.

Thoughtworks Holding saw a 26% increase in shares after announcing a merger agreement with Apax Partners, where Apax will acquire all remaining Thoughtworks shares for $4.40 each, valuing the deal at around $1.75 billion.



Read more at Nasdaq.: Sector Update: Tech Stocks Retreat Premarket Monday