Shares of technology companies fell as an artificial-intelligence computing breakthrough at Alphabet continued to send chills through semiconductor stocks.
The iShares Semiconductor exchange-traded fund, which tracks the PHLX Semiconductor Soxx index of chip makers, lost about 4.6% this week. Memory chip makers such as Micron Technologies were particularly hard hit.
Toshiba, Mitsubishi Electric and Rohm are exploring a possible merger of their power semiconductor businesses to cope with increasingly fierce international competition.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
03-27-26 1738ET
