Shares of technology companies rose amid signs of a strong weekend for digital shopping.

Shopify reported $5 billion in Black Friday gross merchandise volume, up 22% year-over-year, in line with last year's growth.

Shares of Amazon.com rose amid optimism about the online megastore's sales.

"Who wants to have to go somewhere when you can order it and have delivered to your front door, especially the same day or the next day?" said J.D. Joyce, president of Houston financial advisory Joyce Wealth Management.

Shares of Super Micro Computer surged, rising by more than 25% after the server maker said a final review showed no evidence of fraud or misconduct by its management or board relating to accounting issues that have dragged on the stock in recent weeks.

Super Micro said it would appoint a new chief financial officer, one of several recommendations that a special committee suggested to strengthen corporate governance and support the company's rapid growth.

Intel Chief Executive Pat Gelsinger quit abruptly, ending a nearly four-year run that saw the chip maker fall behind rivals in building semiconductors to power the artificial-intelligence boom. In the last 12 months, Intel shares fell by roughly 43%, even as shares of rival Nvidia more than tripled.

Shares of Tesla rose after Ashok Elluswamy, vice president of AI software, tweeted Saturday night that version 13 of Tesla's highest-level driver assistance software called Full Self-Driving had begun rolling out to customers.

BYD, known globally as Tesla's most formidable competitor, has grown its sideline business constructing Apple hardware so that it now produces roughly 30% of Apple's tablets.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

12-02-24 1736ET