From Nasdaq: 2024-06-03 13:44:27

Tech stocks, including the XLK and XSD, fell on Monday afternoon, with the Philadelphia Semiconductor index down 0.7%. Nvidia CEO announced the introduction of the Rubin AI chip platform in 2026, boosting Nvidia shares by 3.8%.

MicroStrategy and its co-founder agreed to pay $40 million to settle a tax fraud lawsuit, leading to 4.8% gains in MicroStrategy shares. CalAmp filed for Chapter 11 bankruptcy protection, resulting in a 59% drop in shares.

Read more at Nasdaq: Technology Sector Update for 06/03/2024: CAMP, NVDA, MSTR