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business21h ago
Health Catalyst, Veeva Systems, 8x8, Amplitude, and DocuSign Stocks Trade Down, What You Need To Know
- Stocks of Health Catalyst, Veeva Systems, 8x8, Amplitude and DocuSign fell after markets pulled back amid AI chip export concerns.
- The drop followed reports that Chinese authorities blocked Nvidia's H200 AI chips, signaling tighter export controls.
- Analysts cited concerns about a fragmented global AI order and tensions between U.S. policy and Beijing's chip sovereignty.
- The market reaction included a broader semiconductor sell-off tied to policy concerns and central bank risks.
- Veeva Systems previously announced a share repurchase program, signaling management confidence.
- The article notes Veeva's price context: trading about 28.9% below its 52-week high.
- Analysts at Morgan Stanley maintained a Sell rating on Veeva despite the stock's movement.
- The report connects the stock moves to broader market indicators, including major indices and commodity prices.
- The piece highlights that buy-the-dip opportunities may exist for quality tech stocks amid volatility.
- The article lists several tickers impacted in the session, including HCAT, VEEV, EGHT, AMPL and DOCU.
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