Know-how Sector Replace for 04/06/2023: AI, EA, NOGN

Know-how shares settled greater this afternoon, with the SPDR Know-how Sector Fund (XLK) up 0.6% and the Philadelphia Semiconductor Index little modified.

In firm information, shares of (AI) rose greater than 10% after it stated Kerrisdale Capital’s allegations in regards to the firm’s monetary disclosures confirmed a “misunderstanding” of US GAAP accounting practices and rules.

Nogin (NOGN) fell greater than 5% after it stated it closed its public providing of about 7.3 million shares and secured the acquisition of the identical variety of shares at a complete value of $3 per share and assured whole proceeds of about $22 million.

Digital Arts (EA) fell 0.4% after it stated it was revealing design and branding particulars for its new EA Sports activities FC soccer model.

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