From NASDAQ MarketSite: 2024-04-11 15:43:36

Tech stocks saw a boost late Thursday afternoon, with XLK and XSD both climbing about 2%. The Philadelphia Semiconductor Index also spiked 2.2%. Apple is reportedly set to revamp its Mac lineup with new processors focusing on AI, causing its shares to jump by 4.3%.

Microsoft’s strong position in tech, cloud and AI could double its earnings per share to $24 by 2029, with Morgan Stanley raising its target price to $520. Blackbaud shares surged over 5% on reports of a potential buyout offer. Amazon CEO pledges cost-cutting while investing in AI, resulting in a 1.9% stock increase.



Read more at NASDAQ MarketSite: Technology Sector Update for 04/11/2024: AAPL, MSFT, BLKB, AMZN