From Nasdaq: 2024-07-26 13:52:10

Tech stocks surged on Friday, with XLK and XSD both up by over 1%. The Philadelphia Semiconductor index also saw a 2% increase. Microsoft-backed OpenAI is testing a new AI search product, while LinkedIn settles a class action lawsuit. Microsoft shares rose by 2%.

Apple has agreed to adopt AI safeguards from the Biden administration, leading to a 0.2% increase in shares. Rumble shares rose by 1.3% as they launched a new Xbox app for streaming live and on-demand content 24/7.



Read more at Nasdaq: Sector Update: Tech Stocks Advance Friday Afternoon