Tech stocks had mixed performance, with Nvidia denying subpoena rumors boosting its shares slightly
From Nasdaq: 2024-09-05 13:50:50
Tech stocks had a mixed performance, with XLK up 0.1% and XSD down 0.4%. The Philadelphia Semiconductor index saw a slight decrease. Nvidia denied being subpoenaed by the US Department of Justice, contrary to earlier reports, causing its shares to rise 1.1%.
Hewlett Packard Enterprise surprised with an increase in fiscal Q3 earnings, while revenue exceeded expectations. Despite this, HPE shares fell by 5.7%. Viasat saw a significant boost as its shares surged over 10% following a $153 million contract from the Defense Information Services Agency to support the US Army.
Read more at Nasdaq: Sector Update: Tech Stocks Mixed Thursday Afternoon