Tech Down as Nvidia's China Disappointment Weighs -- Tech Roundup

Dow Jones05-16

Shares of technology companies fell as artificial-intelligence euphoria faded somewhat.

The PHLX Semiconductor index fell by roughly 3% after President Trump announced that China was not planning to buy Nvidia's H200 GPUs, despite Nvidia Chief Executive Jensen Huang's accompaniment of Trump on the visit.

Shares of Microsoft rose after Bill Ackman's Pershing Square purchased a stake in the software company, betting its investments in AI were underpriced by the market.

Anthropic is raising more than $30 billion at a $900 billion valuation as the AI company seeks funding ahead of its widely expected initial public offering.

Elon Musk's rocketry and artificial intelligence firm SpaceX is aiming to sell shares to the public on June 12, setting the stage for what is expected to be the biggest initial public offering of all time with a potential $80 billion valuation.

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

(END) Dow Jones Newswires

May 15, 2026 17:50 ET (21:50 GMT)

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companies fell as artificial-intelligence euphoria faded somewhat. \n\n\n  The PHLX Semiconductor index fell by roughly 3% after President Trump announced that China was not planning to buy Nvidia's H200 GPUs, despite Nvidia Chief Executive Jensen Huang's accompaniment of Trump on the visit. \n\n\n  Shares of Microsoft rose after Bill Ackman's Pershing Square purchased a stake in the software company, betting its investments in AI were underpriced by the market. \n\n\n  Anthropic is raising more than $30 billion at a $900 billion valuation as the AI company seeks funding ahead of its widely expected initial public offering. \n\n\n  Elon Musk's rocketry and artificial intelligence firm SpaceX is aiming to sell shares to the public on June 12, setting the stage for what is expected to be the biggest initial public offering of all time with a potential $80 billion valuation. \n\n\n \n\n\n  Write to Rob Curran at rob.curran@dowjones.com \n\n\n  (END) Dow Jones Newswires\n\n\n  May 15, 2026 17:50 ET (21:50 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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