US tech stocks rise after last week's selloff; Nvidia falls

Microsoft

Yesterday 16:14

Updates
** US AI and tech stocks rise broadly on Monday as investors move past last week's rout, which pushed the Nasdaq 100 to a fourth straight weekly decline
     
CHIPS 
** Shares of chipmakers gain, except for Nvidia NVDA.O, which shed 4.3% and hit its lowest since April, as investors assessed the fallout from an internal investigation into whether CEO Jensen Huang had been targeted by foreign intelligence effort
** Intel INTC.O gains 4.3%, Marvell Technology MRVL.O jumps 10.6%, Qualcomm QCOM.O rises 6%
** Advanced Micro Devices AMD.O up 10.9%, Broadcom AVGO.O gains 8.7%
** Philadelphia semiconductor index .SOX jumps 6.5%
     
BIG TECH
** Microsoft MSFT.O up 2%, while Meta META.O and Alphabet GOOGL.O climb 3% and 4.8%, respectively
** Amazon AMZN.O and Apple AAPL.O add 3.4% and 2.3%
NEOCLOUDS
** CoreWeave CRWV.O jumps 7.2%, while peer Nebius NBIS.O climbs 8.5%
     
DATA CENTER OPERATORS
** Core Scientific CORZ.O, Hut 8 Corp HUT.O and Cipher Digital CIFR.O rise about 7% each
     
CYBERSECURITY
** CrowdStrike CRWD.O and Palo Alto PANW.O up over 3% each 
** Fortinet FTNT.O and Zscaler ZS.O also climbs about 3% each

 (Reporting by Sudeshna Ghoshal and Ragini Mathur in Bengaluru)
 ((Sudeshna.Ghoshal@thomsonreuters.com;))