Shares of technology companies fell as a spike in oil prices associated with the planned Israeli ground invasion of the Gaza Strip caused a flight from risk.
Among high-risk tech stocks, artificial-intelligence chipmaker Nvidia slid 3%. Microsoft ticked down after the software giant closed its $75 billion acquisition of videogame maker Activision Blizzard, the largest in a slew of deals orchestrated by Chief Executive Satya Nadella.
Shares of online marketplace PSQ Holdings rose after the company said preliminary results show third-quarter revenue rising fourfold from the prior quarter.
Write to Rob Curran at [email protected]
Read the full article here
Leave a Reply