Tech stocks were higher Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 2.3% and the Philadelphia Semiconductor index advancing nearly 2%.
In company news, Apple (AAPL) shares were up 4.9% after the tech giant’s fiscal Q2 results topped market expectations and it increased its dividend.
LivePerson (LPSN) shareholder Starboard Value on Friday called for a change in company leadership, saying the performance of the software group’s financials and stock continue to “deteriorate rapidly.” LivePerson shares were up more than 17%.
Meta Platforms (META) hired employees who previously worked on artificial intelligence-specific networking technology at British chip company Graphcore’s office in Oslo, Reuters reported Friday, citing a company spokesperson. Meta shares were up 0.3%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Image and article originally from www.nasdaq.com. Read the original article here.