Tech Stocks Lower – Tech Roundup

Shares of tech companies fell to end a turbulent week.

In the U.S. and elsewhere, companies, governments and households that use computers heavily during the pandemic are downsizing dramatically.

PC and chip makers said the market downturn is hitting their results, often harder than expected.

Cloud computing company Nutanix is ‚Äč‚Äčexploring a sale after receiving an offer to buy it, according to people familiar with the matter. The company is expected to target private equity and industry players, the people said.

Meanwhile, Geneva-based banking software company Temenos tumbled after third-quarter earnings and revenue missed analysts’ expectations, as banks delayed signing deals amid looming recession risks.

Write to Amy Pessetto at amy.pessetto@dowjones.com

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