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Tech stocks were steady late Tuesday with the Technology Select Sector SPDR Fund (XLK) little changed and the Philadelphia Semiconductor index advancing 1%.

(RTTNews) - Microsoft Corporation (MSFT) agreed to pay $20 million to resolve accusations by the US government that the company unlawfully gathered children's personal data through its Xbox Live gaming platform, thereby infringing upon their privacy.

Tech stocks were mixed in afternoon trading, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.4% and the Philadelphia Semiconductor index advancing 0.5%.

2023 has been one of the most divergent and lopsided years in recent memory in equities markets. After value dominated 2022, tech is back to being king this year - bolstered by the AI revolution and big forward expectations in AI-

Apple AAPL is finally joining the mixed reality bandwagon with the launch of Apple Vision Pro, “a revolutionary spatial computer that seamlessly blends digital content with the physical world,” at this year’s Worldwide Developer’s

Microsoft-backed OpenAI, the company behind ChatGPT, has no plans to go public any time soon, Chief Executive Sam Altman said at a conference in Abu Dhabi.

Microsoft-backed OpenAI, the company behind ChatGPT, has no plans to go public any time soon, Chief Executive Sam Altman said at a conference in Abu Dhabi.

Below is Validea's guru fundamental report for MICROSOFT CORP (MSFT). Of the 22 guru strategies we follow, MSFT rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental moment

After a brutal 2022, the stock market is roaring in 2023, with the Nasdaq Composite up 26% and the S&P 500 up 11% year to date (YTD) at the time of this writing. Yet dig deeper and you'll find some peculiar price action in many well-known names.Six of the 30 components of the

For most investors, how much a stock's price changes over time is important. This factor can impact your investment portfolio as well as help you compare investment results across sectors and industries.

Tech stocks rebounded, delivering stellar gains so far this year. For instance, shares of big tech giants like Apple ( NASDAQ:AAPL ), Microsoft ( NASDAQ:MSFT ), Alphabet ( NASDAQ:GOOGL )( NASDAQ:GOOG ), Amazon ( NASDAQ:AMZN ), Meta ( NASDAQ:META ), and Nvidia ( NASDAQ:NVDA ) have defied the weak general market trend and are up about 39%, 41%, 43%, 49%, 126%, and 168%, respectively, on a year-to-date basis. While the rally reflects equity investors’ buoyant mood on tech stocks, Morgan Stanley’s strategist Mike Wilson anticipates the possibility of a downturn or a correction in the technology sector. Tech Stocks - The Recent Past and Near Future Contrary to the fears of a recession gripping the market in 2023, the economy has proven to be less severe than anticipated. Although the market still exhibits weakness, the expectations of easing monetary policy due to the moderation in the inflation rate, the lower valuation of tech stocks at the start of 2022, and the concerted efforts of these companies to implement cost-cutting measures have all contributed to a revival in their stock prices. Thanks to this recovery, the NASDAQ 100 Index ( NDX ), which is primarily focused on tech companies, has gained over 33% year-to-date and handily surpassed the S&P 500 ( SPX ).  Adding to the growth of these tech stocks is the evolution of  AI (Artificial Intelligence). Investors have been bullish about anything and everything related to AI. Interestingly, not only individual stocks but  tech and AI-focussed ETFs ( Exchange-Traded funds) have also seen  large inflows of cash.    While investors’ sentiment has largely been positive, Wilson maintains a bearish tone. Back in April, Wilson warned that tech stocks would not be able to sustain their recent gains. More recently, the U.S. equity strategist said that a decline in corporate earnings would lead to a correction in stocks. He expects a disappointing performance in the second-half earnings of U.S. corporations, leading to a selloff in equities.  While Wilson reiterated his bearish call on tech stocks and the broader market, let’s check out what’s on the horizon for these tech giants.  The Upside Potential Remains Low TipRanks’  Stock Comparison tool shows that the  Top Wall Street analysts are bullish about these tech stocks. All of these stocks, except for Apple, command a Strong Buy consensus rating on TipRanks. However, the upside in the shares of these companies based on analysts’ average price targets shows limited upside potential.  Nvidia, which has gained the most among these companies, is the only stock offering double-digit upside potential based on the average price target.  Moreover, investors should note that NVDA, AAPL, and MSFT stocks have recouped all of their post-pandemic losses and are trading near their all-time highs. Meanwhile, Alphabet stock has recovered most of its lost ground and has significantly outperformed the broader markets.  However, Amazon and Meta stocks have lagged the S&P 500 index over the 5-year period and are yet to recover most of their pandemic gains.  Bottom Line  The recent rally and macro uncertainty could limit the upside in tech stocks in the near term. Analysts’ average price targets also substantiate this view. While most of these stocks carry a Strong Buy consensus rating, only Apple and Nvidia stocks have the  “Perfect 10” Smart Score.  However, NVDA, with a Strong Buy consensus rating and a Perfect 10 Smart Score, appeals the most, based on TipRanks’ valuable datasets and tools.  The  chip company has benefitted a lot from the rise of generative AI and its  dominant position in that space. NVDA is poised to deliver solid growth on the back of solid demand for its AI chips. Meanwhile, autonomous driving and high-end infotainment could further support growth in the auto segment, noted  Christopher Rolland of Susquehanna. The recent surge in NVDA stock has driven its valuation higher. However, the analyst believes that its premium valuation is warranted as NVDA is well-positioned to capitalize on its growing end markets.  Disclosure

The president of Microsoft said he was looking for solutions to try to get British approval for the software giant's $69 billion acquisition of "Call of Duty" maker Activision Blizzard.

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Launched on 12/01/2016, the iShares ESG Aware MSCI USA ETF (ESGU) is a smart beta exchange traded fund offering broad exposure to the Style Box - All Cap Growth category of the market.

The era of artificial intelligence (AI) has begun. AI is set to disrupt enormous markets, while creating entirely new industries and turbocharging others. It will be the worst of times for some -- and the best of times for many.

Microsoft will pay $20 million to settle U.S. Federal Trade Commission (FTC) charges that the tech company illegally collected personal information from children without their parents' consent, the FTC said on Monday.

Microsoft will pay $20 million to settle U.S. Federal Trade Commission charges that the tech company illegally collected personal information from children without their parents' consent, the FTC said on Monday.

The S&P 500 ended lower on Monday as investors weighed whether the U.S. Federal Reserve might pause its interest rate hikes at its upcoming policy meeting, while Apple briefly hit a record high before losing ground.

Snap Inc said on Monday it hired a new senior vice president of engineering from Google, the latest in a string of new recruits to advance its advertising business.

The S&P 500 ended lower on Monday as investors weighed whether the U.S. Federal Reserve might pause its interest rate hikes at its upcoming policy meeting, while Apple briefly hit a record high before losing ground.