Shares of technology companies rose slightly amid ongoing nerves about the disruptive effects of artificial-intelligence advances.
The Roundhill Magnificent Seven exchange-traded fund, which track the mega-cap tech companies that spearheaded the AI revolution, fell by 1% and is now down 6.6% for the year to date.
There are some signs that Microsoft and others are no longer on the cutting edge of the emerging technology.
Anthropic struck a deal to help redesign the computer-coding curricula taught in hundreds of community and state colleges, an attempt to get its AI tools in the hands of the next generation of American computer programmers.
Shares of DraftKings plunged after the sports-betting Web site's quarterly earnings trailed Wall Street expectations, exacerbating concerns about competition from newly popular predictions markets.
Arista Networks rallied after the networking-equipment company logged fourth-quarter revenue ahead of Wall Street targets.
Applied Materials shares rallied after the semiconductor-equipment maker's fiscal first-quarter earnings exceeded analysts' expectations.
Other semiconductor companies fell, however, amid doubts about the sustainability of the AI rally.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
02-13-26 1744ET
