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Shares of Netflix are diving in early trading Monday, while the tech industry gets ready for this week’s Consumer Electronics Show kicking off in Las Vegas.
Let’s take a look at tech stocks to watch:
Netflix. Shares are plunging after Baird downgraded the company’s stock to neutral, reports Marketwatch. Baird analysts cite weak subscriber growth for the second consecutive quarter. Baird also dropped its price target to $115.
Yahoo. It appears shareholders have soured on CEO Marissa Mayer. According to the New York Post, shareholders want Yahoo to sell its core Internet business instead of spinning it off into its own company. Shares of Yahoo sunk in morning trading.
Nokia. The mobile company has gained control of nearly 80% of shares of Alcatel-Lucent, according to a statement released Monday. In April, Nokia revealed it would acquire Alcatel-Lucent in a $17 billion deal.
Nvidia. The chip maker estimates only 13 million PCs worldwide will have the graphics capabilities to run virtual reality content, reports Bloomberg. VR is expected to be one of the big themes at this year’s Consumer Electronics Show in Las Vegas.
Samsung. As the company prepares to unleash several reveals at CES, the electronics giant warns of a difficult year ahead. In a New Year’s address to employees, Samsung CEO Kwon Oh-hyun says “slow growth will continue” in 2016.