Tech stocks were gaining Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 2.2% and the Philadelphia Semiconductor index climbing 3.7%.
In company news, the Trade Desk (TTD) shares slumped more than 15% after it issued soft Q4 guidance that raised concerns about the digital advertising market.
Indie Semiconductor’s (INDI) shares surged 14% after the company reported late Thursday a Q3 net loss of $0.12 per diluted share, narrowing from a $0.31 loss a year earlier.
Synaptics (SYNA) shares jumped 14%, a day after the company reported higher-than-expected fiscal Q1 results that prompted a price target raise from analysts.
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