- Large-cap tech stocks are slumping with the Nasdaq (NASDAQ:QQQ) 100 down 2.3%.
- Decliners: Apple (AAPL -1.3%), Citrix Systems (CTXS -1.4%), Maxim Integrated Products (MXIM -2.1%), Applied Materials (AMAT -1.8%), Microchip Technology (MCHP -2.6%), JD (JD -2.4%), Baidu (BIDU -2.7%), Verisk Analytics (VRSK -3.1%), Activision Blizzard (ATVI -3.8%), Intuit (INTU -5%)
- Tech industries are down across the board today with Internet & Social Media hit by the string of Alibaba (NYSE:BABA) target cuts and a new Facebook (NASDAQ:FB) security breach. Semiconductors are also slumping on Huawei’s AI chip launch and general pullback.
- Top tech stories from the morning:
- Chinese internet stocks were hit by the string of Alibaba target cuts. Semiconductors are also slumping on Huawei’s AI chip launch and general pullback.
- Top tech stories from the morning:
- Previously: Jyske Bank gives two-notch cut to Activision Blizzard (Oct. 10)
- Previously: Imperva will be acquired for $2.1B, releases preliminary Q3 results (Oct. 10)
- Previously: Analysts lower their Alibaba targets after management discussions (Oct. 10)
- Previously: AI chips drop on Huawei's new products (Oct. 10)
- Previously: Nasdaq tumbles more than 2% in fast morning action (Oct. 10)
- Now read: The Apple iPhone Just Got Lapped By Whom? Time To Rethink What Apple Is, And Isn't
Original article