Shares of technology companies rallied as the artificial-intelligence arms race continued in Silicon Valley.

Apple shares surged, gaining more than 5% to top $200 and hit all-time highs, as Wall Street analysts said the tech giant's joint venture with artificial-intelligence pioneer OpenAI could shake up the emerging AI sub-industry and move the needle on Apple's multibillion-dollar revenue tally.

Apple shares had lagged its mega-cap peers because of a perception it was lagging behind in the AI arms race.

U.S. Sen. Elizabeth Warren introduced a new bill to crack down on private-equity misconduct in the healthcare sector, adding to the political pressure buyout firms face following numerous bankruptcies of medical businesses.

The vote on Elon Musk's $46 billion Tesla pay package this week is so far too close to call, with the automaker and billionaire racing to drum up support in recent days.

Atos accepted a financial-restructuring proposal from a consortium including key shareholder Onepoint to salvage the debt-laden French IT firm, outgunning a rival bid from a group led by Czech billionaire Daniel Kretinsky.

Write to Rob Curran at

(END) Dow Jones Newswires

06-11-24 1810ET