Technology Sector Update for 12/13/2023: AAPL, TTWO, META


Tech stocks were mixed Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) up 0.1% and the SPDR S&P Semiconductor ETF (XSD) down 0.8%.

The Philadelphia Semiconductor index fell 0.3%.

In corporate news, Apple (AAPL) supplier Foxconn received approval to invest at least $1 billion more in a plant in India that will make Apple products, Bloomberg News reported Wednesday. Apple shares rose 1.1%.

Meta Platforms (META) allegedly ignored its own lawyers’ warning of the repercussions of using thousands of pirated books to train its AI models, Reuters reported late Tuesday. The shares were little changed.

Take-Two Interactive Software (TTWO) will be added to the Nasdaq-100 Index, while Seagen (SGEN) will be removed as part of the index’s annual reconstitution from Monday. Take-Two gained 2.9%.

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Original: META Feed: Technology Sector Update for 12/13/2023: AAPL, TTWO, META