Intel, Super Micro Computer, WiSA, Applied Materials, and Other Tech Stocks in Focus Today.

Tech stocks were moving tentatively higher early Wednesday as the sector struggles to turn around a bad week.

Futures on the Nasdaq 100 edged 0.2% higher after the technology-heavy Nasdaq Composite fell 0.1% Tuesday, extending its losing streak to three days.

$Palantir Technologies Inc.(PLTR)$   was looking to snap a three-day losing run of its own as the shares pointed 1.1% higher in premarket trading.

Chip stocks were in focus after Dutch semiconductor company $ASML Holding NV(ASML)$   reported earnings early Wednesday. The stock fell 4.4% in early European trading after the company's orders missed expectations in the first quarter. ASML supplies the lithography machines that are essential for manufacturing semiconductors.

Shares of chip maker $Intel(INTC)$  , one of ASML's customers, pointed 0.5% lower ahead of the open Wednesday. Applied Materials, a rival of the Dutch company, fell 1.7%. Other chip stocks fared better, including $Advanced Micro Devices(AMD)$   and Micron Technology, while Nvidia also rose 0.8%.

Super Micro Computer stock, which surged 10.6% Tuesday after a bullish research note suggested the shares could reach $1,500, was 2.3% up at $980.

WiSA Technologies stock jumped 72%, after soaring 249% Tuesday as the audio tech company announced its fourth licensing deal with a major TV projection brand. The volatile stock remained 65% down in 2024 through Tuesday's close.

$Meta Platforms, Inc.(META)$  ' oversight board said it is investigating two cases involving explicit AI-generated images of female celebrities, one that appeared on Instagram and one on Facebook. The board said it would decide whether the content should be allowed. The stock climbed 0.5% in premarket trading.

Grand Theft Auto videogame maker Take-Two Interactive will cut about 5% of its workforce and cancel some projects as part of a cost-saving plan, the company said Tuesday. It will incur total charges of up to $200 million and expects the measures to generate annual cost savings of $165 million. The stock pointed 0.7% higher.

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