Shares of technology companies fell as traders rotated out of some of the fastest rising AI companies.

Palantir Technologies fell sharply after analysts at brokerage William Blair said comments during a recent presentation suggested there was friction between the artificial-intelligence and Big Data firm over the renewal of a U.S. Army contract worth $458 million.

A U.S. appeals court sided with chip giant Intel, vacating a roughly $2.2 billion patent-infringement verdict won by microprocessor designer VLSI Technology.

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(END) Dow Jones Newswires

12-04-23 1826ET