Tech Down as Traders Retreat From Magnificent Seven -- Tech Roundup

Dow Jones06-04 06:31

Shares of technology companies fell as traders retreated from mega-cap firms driving the artificial-intelligence boom.

The Roundhill Magnificent Seven exchange-traded fund, a basket of the largest U.S. tech companies, fell by more than 1%, trimming its gains for the year to date to 4.5%.

Shares of Nvidia, which has been on a torrid run since a wobble during the early stages of the Iran war, fell by more than 3%.

Chinese search giant Baidu expects to list its chip unit in Hong Kong within this year, its finance chief said as he projected healthy revenue growth over the next few quarters, supported by AI income.

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

(END) Dow Jones Newswires

June 03, 2026 18:31 ET (22:31 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2640618763?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-04 06:31","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2640618763","market":"other","top_or_hot":-1,"title":"Tech Down as Traders Retreat From Magnificent Seven -- Tech Roundup","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  Shares of technology companies fell as traders retreated from mega-cap firms driving the artificial-intelligence boom. \n</p>\n<p>\n  The Roundhill Magnificent Seven exchange-traded fund, a basket of the largest U.S. tech companies, fell by more than 1%, trimming its gains for the year to date to 4.5%. \n</p>\n<p>\n  Shares of <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>, which has been on a torrid run since a wobble during the early stages of the Iran war, fell by more than 3%. \n</p>\n<p>\n  Chinese search giant <a href=\"https://laohu8.com/S/09888\">Baidu</a> expects to list its chip unit in Hong Kong within this year, its finance chief said as he projected healthy revenue growth over the next few quarters, supported by AI income. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Rob Curran at rob.curran@dowjones.com \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 03, 2026 18:31 ET (22:31 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech Down as Traders Retreat From Magnificent Seven -- Tech Roundup</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTech Down as Traders Retreat From Magnificent Seven -- Tech Roundup\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-04 06:31</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  Shares of technology companies fell as traders retreated from mega-cap firms driving the artificial-intelligence boom. \n</p>\n<p>\n  The Roundhill Magnificent Seven exchange-traded fund, a basket of the largest U.S. tech companies, fell by more than 1%, trimming its gains for the year to date to 4.5%. \n</p>\n<p>\n  Shares of <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>, which has been on a torrid run since a wobble during the early stages of the Iran war, fell by more than 3%. \n</p>\n<p>\n  Chinese search giant <a href=\"https://laohu8.com/S/09888\">Baidu</a> expects to list its chip unit in Hong Kong within this year, its finance chief said as he projected healthy revenue growth over the next few quarters, supported by AI income. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Rob Curran at rob.curran@dowjones.com \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 03, 2026 18:31 ET (22:31 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MAGX","symbol_name":"ROUNDHILL DAILY 2X LONG MAGNIFICENT SEVEN ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2640618763","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2640618763","pubTimestamp":1780525860,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of technology companies fell as traders retreated from mega-cap firms driving the artificial-intelligence boom.The Roundhill Magnificent Seven exchange-traded fund, a basket of the largest U.S. tech companies, fell by more than 1%, trimming its gains for the year to date to 4.5%.Shares of Nvidia, which has been on a torrid run since a wobble during the early stages of the Iran war, fell by more than 3%.Chinese search giant Baidu expects to list its chip unit in Hong Kong within this year, its finance chief said as he projected healthy revenue growth over the next few quarters, supported by AI income.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MAGX":"ROUNDHILL DAILY 2X LONG MAGNIFICENT SEVEN ETF","MAGY":"Roundhill Magnificent Seven Covered Call ETF","MAGS":"Roundhill Magnificent Seven ETF"},"translate_title":"随着交易员从七巨头撤退，科技股下跌——科技综述","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MAGS":1.5,"MAGY":1.5,"MAGX":1.5},"content_text":"Shares of technology companies fell as traders retreated from mega-cap firms driving the artificial-intelligence boom. \n\n\n  The Roundhill Magnificent Seven exchange-traded fund, a basket of the largest U.S. tech companies, fell by more than 1%, trimming its gains for the year to date to 4.5%. \n\n\n  Shares of Nvidia, which has been on a torrid run since a wobble during the early stages of the Iran war, fell by more than 3%. \n\n\n  Chinese search giant Baidu expects to list its chip unit in Hong Kong within this year, its finance chief said as he projected healthy revenue growth over the next few quarters, supported by AI income. \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  June 03, 2026 18:31 ET (22:31 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":"-1","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; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2640618763","isCrawlerRequest":true}