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Shares of technology companies fell after a major chipmaker warned of slowing growth.
Graphics chips maker Nvidia, which has long sat at the nexus of several technology trends, warned that second-quarter sales would fall well short of forecasts in recent weeks as PC gaming revenue fell.
Video game maker Take-Two Interactive, which reported earnings after the bell, fell, according to Nvidia.
The Philadelphia Semiconductor Index, known as SOXX, fell 1.6% on fears that the boom in computer chips is coming to an end.
Shares of Japanese technology investment firm SoftBank Group have posted a quarterly loss of more than $23 billion.
Amazon.com has agreed to buy Roomba maker iRobot for $1.7 billion, giving the online retailer another window into consumers’ homes through an Internet-connected device.
In a sign that investors’ risk appetite has improved, bitcoin prices rose roughly 3 percent to a three-month high.
Lyft has created Lyft Media, a new business unit that will strengthen and expand the ride-hailing company’s advertising offerings.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
August 08, 2022 17:09 ET (21:09 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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