Tech stocks were mixed late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.6% and the Philadelphia Semiconductor index down 0.2%.
In company news, Spotify (SPOT) is working on a new way to incorporate AI into its app, specifically in the creation of playlists powered by AI, Techcrunch reported Monday. Spotify shares rose almost 2%.
Jumia Technologies (JMIA) said it has reached an agreement with Elon Musk’s Starlink to offer the Starlink Residential Kit in Africa. Jumia shares jumped 4.6%.
Alphabet’s (GOOG) Google on Monday introduced the Chromebook Plus laptop series that features built-in Google applications and artificial intelligence capabilities. Alphabet shares added 2.2%.
Apple (AAPL) is considering making a bid for Formula One global TV rights, BusinessF1 magazine reported in its October issue, quoting unnamed sources. Apple shares gained 1.1%.
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