Tech stocks were higher late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.1% and the Philadelphia Semiconductor index adding 0.3%.
In corporate news, Nutanix (NTNX) shares rose past 13%. The company late Thursday reported fiscal Q4 non-GAAP earnings of $0.24 per share, compared with a per-share loss of $0.17 a year earlier. Analysts polled by Capital IQ expected EPS of $0.16. Nutanix also approved a repurchase program of up to $350 million of its class A shares.
Dell (DELL) shares jumped almost 22% after fiscal Q2 results topped estimates by analysts.
Broadcom (AVGO) shares fell 5%. The company’s fiscal Q4 outlook disappointed investors and paled in comparison to rival Nvidia’s (NVDA) stellar guidance.
Samsara (IOT) shares rose more than 12% after price target increases by BMO Capital, Wells Fargo, RBC, and Morgan Stanley followed fiscal Q2 earnings and revenue above consensus estimates.
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