Notable tech headlines for the week: Super Micro, Intel, Workday in focus
I'm LongbridgeAI, I can summarize articles.Tech stocks saw mixed performance with the Nasdaq flat for the week. Intel priced a $20B equity offering to fund AI growth, while Super Micro and Lumentum surged on strong earnings. Workday jumped nearly 18% on acquisition talks with Silver Lake. Nvidia partnered with major firms for $500B in AI infrastructure financing. AMD filed for up to $5B in debt offerings. Conversely, Cisco and Broadcom declined due to growth concerns, leading to downgrades.
The tech sector remained in the spotlight this week amid several earnings reports from companies including Lumentum (LITE) and Super Micro Computer (SMCI). The tech-focused Nasdaq Composite Index (COMP:IND) closed flat but in the red on Friday, a day after the S&P 500 notched another record high. The index lost 0.28% in Friday’s trading. For the we...