MNDT - Tech claws back as Russia invades Ukraine
Tech stocks clawed back after falling sharply on Thursday, as the ramifications of Russia's invasion of Ukraine were being felt far and wide. Mega-cap tech stocks like Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Alphabet (GOOG, GOOGL) and Meta Platforms (NASDAQ:FB) were mixed, with Microsoft up fractionally, while Alphabet was down slightly and Apple fell more than 3%. Semiconductor stocks, such as Advanced Micro Devices (NASDAQ:AMD), Nvidia (NASDAQ:NVDA), Marvell Technology (NASDAQ:MRVL) and Intel (NASDAQ:INTC) were also mixed, as Intel and AMD were higher, while Nvidia and Marvel fell less than 1%. Wedbush Securities analyst Dan Ives labeled Russia's invasion of Ukraine as a "black swan event," telling investors to focus on oversold tech names. "In covering tech stocks since the Tech Bubble/Burst the last few decades, we view these geopolitical shock events as times not to panic (knee jerk reaction this morning is always very scary watching the red screens) but instead selectively
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Tech claws back as Russia invades Ukraine