BUZZ—US tech stocks mixed: tech giants rebound, chip stocks under pressure

November 9 - ** After last week's setbacks, US artificial intelligence and technology stocks showed mixed movements in pre-market trading

** The tech-heavy Nasdaq 100 Index .NDX recorded a fourth consecutive weekly decline last Friday, as investors are seeking clues for the next step in artificial intelligence trading

Tech giants

** Microsoft MSFT.O rose 2%, while Meta META.O and Alphabet GOOGL.O rose 3% and 2%, respectively

Mixed performances among chip stocks

** Chip manufacturers saw mixed stock performance. NVIDIA NVDA.O dropped 5%, as investors assessed the aftermath of an internal investigation (link)—the investigation aimed to determine whether CEO Jensen Huang had ever been targeted by foreign intelligence agencies

** Intel INTC.O was steady, Marvell Technology MRVL.O edged up 0.3%, and Qualcomm QCOM.O fell 0.5%

** Advanced Micro Devices AMD.O rose 4.4%, and Broadcom AVGO.O gained 3.3%

NEOCLOUDS

** CoreWeave CRWV.O dropped 3.6%; at least two brokerages lowered their target price for the stock

** Peer Nebius NBIS.O fell 2.7%

Data center operators

** Core Scientific CORZ.O, Hut 8 Corp HUT.O and Cipher Digital CIFR.O declined between 2% and 3.7%

Cybersecurity

** CrowdStrike CRWD.O and Palo Alto PANW.O both climbed more than 1.2%

** Fortinet FTNT.O and Zscaler ZS.O each rose less than 1%

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