Shares of technology companies fell slightly as Treasury yields continued to rise. Major tech companies have become heavily indebted in their efforts to build out artificial-intelligence infrastructure, making them sensitive to moves in benchmark bond yields.
Nvidia slipped ahead of the AI bellwether's quarterly update Wednesday.
CoreWeave shares slid after Alphabet's Google and Wall Street partner Blackstone announced plans to create a new AI cloud company using the tech giant's chips, a blow to CoreWeave and other cloud-computing specialists such as Nebius, who had fed AI-related demands for storage and computing capacity.
Leading Chinese memory-chip maker Yangtze Memory Technologies has officially begun its prelisting regulatory review process, taking a major step toward a highly anticipated initial public offering on the domestic stock market.
Andrej Karpathy, an OpenAI co-founder and former Tesla executive, has joined Anthropic.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
05-19-26 1738ET
