Technology stocks experienced a dip as investors decided to take profits before the upcoming earnings season. Microsoft saw a 1.5% decline, pulling its year-to-date gains down to 24%. Oracle also took a hit following Elon Musk’s suggestion that his AI startup xAI had halted discussions to expand a deal with Oracle involving the leasing of Nvidia chips for a Tennessee data center. This news impacted Oracle’s stock price.
French software company Dassault Systemes revised its full-year revenue forecast downwards after reporting that second-quarter revenue fell short of expectations due to customer hesitation triggered by the uncertain geopolitical climate.
For more information, contact Rob Curran at rob.curran@dowjones.com.
This report was published by Dow Jones News on September 24, 2007 at 17:39 Eastern Time.
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