5 Hours AgoTech is ‘overdone’ proper now, Nuveen’s Saira Malik saysTech shares could quickly be seeing a pullback, in response to Saira Malik of Nuveen.”The technicals and the flows into tech … make them look overbought within the quick time period,” the agency’s chief funding officer informed CNBC’s “Energy Lunch” on Thursday. “The relative energy indicators present that tech is overdone at this level, so I would not be stunned to see a shorter-term pause.”Nevertheless, there’s one megacap tech identify particularly that might see much more upside forward, particularly given the restricted provide of synthetic intelligence shares, Malik stated.”Nvidia is certainly changing into the tail that wags the canine,” she stated, including that it is not an costly inventory in comparison with the broader semiconductor business. “It is simply not a inventory that you just’re paying rather a lot for.”Shares of the chipmaker closed down 3.54% on Thursday after hitting a brand new 52-week excessive in the course of the session. The inventory is up round 164% this yr.— Sean Conlon5 Hours AgoAsana shares bounce 4percentShares of Asana rallied 4% Thursday night after the corporate introduced a $150 million inventory repurchase program. The corporate stated this system will run by way of June 30, 2025. Yr up to now, shares are nonetheless down greater than 40%. — Hakyung Kim6 Hours AgoStock futures open flat Thursday