Tech up as Traders Double Down on AI Bets - Tech Roundup
Dow Jones05:03
Shares of technology companies rose as traders doubled down on artificial-intelligence bets, sloughing off worries about safety risks.
The Nasdaq Composite hit its first record closing high since June.
Advanced Micro Devices rose by 10%, topping $1 trillion in market capitalization for the first time ever.
AI model maker Anthropic has reportedly delayed its planned initial public offering to November, later than many investors expected.
Nvidia struck a deal with Swedish autonomous-truck maker Einride to support an increase of self-driving vehicle production.
Priority Technology agreed to be taken private by an investor group led by its chair and chief executive, Thomas Priore, in a deal with an enterprise value of around $1.6 billion.
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.
