PLTK - Tech rises despite Russian invasion of Ukraine
Tech stocks rose 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 and Alphabet both positive. Meta and Apple traded lower, with Apple falling slightly less than 2%. 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, AMD and Nvidia while Marvel fell less than 1%. The broader NASDAQ was fractionally higher after being down nearly 2% to start the session. 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
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Tech rises despite Russian invasion of Ukraine