Tech Five: Nvidia earnings push shares higher
Shares of chip maker Nvidia are surging following strong first quarter results. Meanwhile, Apple delivered a major investment into a Chinese ride-hailing service.
Let's look at tech stocks to watch Friday:
Nvidia. Shares of the processor maker are trading higher Friday after beating the Street on revenue and earnings for the first quarter. Nvidia reported earnings of 46 cents a share on revenue of $1.3 billion.
Apple. The tech giant is investing $1 billion into ride-hailing service Didi Chuxing, a Chinese rival to Uber. The move comes ahead of a trip to China by Apple CEO Tim Cook.
Facebook. CEO Mark Zuckerberg says the social network is conducting a "full investigation" into claims the company was using political bias when choosing stories for its Trending Topics hub. "We have found no evidence that this report is true," said Zuckerberg. "If we find anything against our principles, you have my commitment that we will take additional steps to address it."
Western Digital. The company announced it completed its acquisition of tech storage company SanDisk. The deal announced last October is valued at $19 billion.
Alphabet. Google wants to hire drivers in Arizona to help test their fleet of self-driving cars, reports The Verge.
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