Shares of technology companies rose as chip makers recouped some recent losses and fears about the sustainability of an artificial-intelligence boom subsided.
Apple ramped up investment in U.S.-made semiconductors, agreeing to order more than $30 billion of Broadcom chips over the next five years. Shares of Broadcom rose by almost 5%. Rival Nvidia rose by 3.7%.
China said it had found "security backdoor vulnerabilities" in Anthropic's popular Claude Code as the AI race between Washington and Beijing continued. In one sign that AI investment is likely to continue, Facebook owner Meta Platforms said it was opening an AI data center in the western Canadian province of Alberta.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
