Tech stocks were struggling for direction early Tuesday after a sharp selloff Monday. Futures on the Nasdaq 100 were edging up ahead of the open, after the technology-heavy Index tumbled 1.8% in the previous session as bond yields rose following strong retail sales data. The so-called Magnificent 7 stocks were mixed, with Tesla the group’s worst performer falling 2.6% in premarket trading...

Microsoft is seeing more deal sizes exceeding $1 billion in the Azure cloud business...

Cybersecurity software firm Rubrik, backed by Microsoft, said on Tuesday it was targeting a valuation of up to $5.44 billion in its U.S. initial public offering. Technology companies have been leading a rebound in listings this year as stronger equity markets and robust debuts including social media platform Reddit and chip firm Astera Labs encourage others to press ahead with their IPO plans. Rubrik said it was aiming to raise up to $713 million by selling 23 million shares priced between $28 and $31 each...

Technology companies have been leading a rebound in listings this year as stronger equity markets and robust debuts including social media platform Reddit and chip firm Astera Labs encourage others to press ahead with their IPO plans. Rubrik said it was aiming to raise up to $713 million by selling 23 million shares priced between $28 and $31 each. Palo Alto, California-based Rubrik provides data security solutions to more than 6,100 customers including appliance maker Whirlpool, snacks and beverages giant PepsiCo and investment bank Goldman Sachs...

Microsoft's free cash flow ratio exceeded 50x due to capex surge and stock based compensation over recent years. Read why MSFT stock is rated a strong sell...