Tech Up as Inflation Fears Subside - Tech Roundup

Shares of technology companies rose sharply as inflation fears subsided.

The SPDR Select Sector Technology exchange-traded fund, which tracks the tech industry group of the S&P 500, rose almost 2%, but remains in the red for the year to date, as doubts about the sustainability of an artificial-intelligence boom wax and wane.

Micron Technology shares rallied in premarket trade after the company said it would build a second site in Taiwan to manufacture highly sought-after artificial-intelligence memory products.

Nebius agreed to a five-year deal worth about $27 billion to supply AI infrastructure capacity to Meta as it continues to see surging demand for its data center computing.

Data breaches, network disruptions and other hacking tactics have joined tanks, missiles and drones as weapons of war, raising the risk of civilian companies being hit, and triggering warnings from cybersecurity experts.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

03-16-26 1716ET