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.


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

(END) Dow Jones Newswires

12-04-23 1826ET