Shares of technology companies fell as doubts about the artificial-intelligence boom lingered.
The Nasdaq Composite is now more than 6% below its record close on June 2.
Shares of SoftBank Group tumbled after reports that OpenAI, a key investment for the Japanese tech investment conglomerate, would delay its IPO until 2027.
Chinese AI firm DeepSeek plans to double its workforce after raising more than $7.4 billion in its first funding round, as it looks to go toe-to-toe with U.S. rivals OpenAI and Anthropic.
ON Semiconductor fell after the chip maker agreed to acquire AI-hardware maker Synaptics for about $7 billion in stock.
