Tech Up as Energy Fears Subside -- Tech Roundup

Shares of technology companies rallied as traders rotated back into the sector due to diminished fears about energy inflation.

The Roundhill Magnificent Seven exchange-traded fund, which had recently entered bear-market territory, more than 20% below its recent nadir, jumped by 4.6% Tuesday.

Software giant Oracle launched a round of layoffs, even as it continues to build out costly data centers for artificial-intelligence development.

Bernard Looney, the former chief executive of British oil company BP, is jumping into the American artificial-intelligence boom as head of data-center developer Prometheus Hyperscale.

DoorDash invested in electric-vehicle company Also as part of a $200 million Series C financing round led by Greenoaks.

OpenAI completed the largest funding round in Silicon Valley history, raising $122 billion ahead of a blockbuster IPO expected by the end of the year.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

03-31-26 1852ET