Hey tech enthusiasts! Let’s talk about the latest buzz in the tech world. Tech stocks were on the rise late Tuesday, with the Technology Select Sector SPDR Fund (XLK) climbing 1.2% and the Philadelphia Semiconductor Index adding 0.8%. But that’s not all – there’s some exciting corporate news too! EHang (EH) made a bold statement on Tuesday, firmly denying allegations from short-seller Hindenburg Research. The company refuted claims that it misled investors about its order pipeline and sales. However, EHang shares took a hit, falling almost 13%.
On the brighter side, Datadog (DDOG) stole the spotlight by surging 29% after posting higher-than-expected Q3 results and raising its 2023 outlook. Meanwhile, Gen Digital (GEN) also joined the party, jumping 8.4% after reporting an increase in fiscal Q2 earnings and revenue. The company even tightened its forecasts for the full financial year, adding to the positive vibes.
Last but not least, Alteryx (AYX) had some great news to share too. The company announced that it swung to Q3 adjusted earnings of $0.29 per diluted share from a $0.05 loss per share a year earlier. This impressive performance surpassed analysts’ expectations, with its shares soaring 18%.
So, there you have it – the latest updates from the tech sector. Stay tuned for more exciting news and developments!
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