Sector Update: Tech Stocks Mixed Monday Afternoon

MT Newswires Live

Oct 08, 2024

Tech stocks were mixed Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) advancing marginally and the SPDR S&P Semiconductor ETF (XSD) down 0.3%.

The Philadelphia Semiconductor index was rising 0.5%.

In corporate news, Super Micro Computer (SMCI) shares jumped over 13% after the company said it recently deployed over 100,000 graphics processing units in one quarter.

Algorhythm (RIME) shares popped more than 20% after the company said Monday it has been awarded a service contract from an unnamed major global beverage, food, and snack company.

Apple (AAPL) received a favorable verdict in a patent infringement case by Identity Security related to user verification and data security technology in its iPhone products, Bloomberg reported Friday. Apple shares were shedding 1.4%.

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Apple shares were shedding 1.4%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B3S45H60.SGD","symbol_name":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2473926481","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2473926481","pubTimestamp":1728323545,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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