Shares of technology companies rose as traders rotated back into fast-growing artificial-intelligence companies.

Shares of Nvidia rose after undergoing a correction in recent sessions. One tech executive, who didn't wish to be identified, said Nvidia had a "head start" over Silicon Valley competitors on AI-enabling chips. Competition is set to intensify, however.

Electric-car maker Tesla has delayed deliveries of its Cybertruck in recent days, according to buyers, the latest stumble for the automaker facing weakening demand for its electric vehicles.

 Write to Rob Curran at 

(END) Dow Jones Newswires

04-16-24 1813ET