Technology Shares Fell Amid Broad Selloff Fueled by Inflation Fears -- Technology Roundup

Shares of technology companies fell as inflation fears dimmed the outlook for interest rate cuts.

The capital-intensive sector tends to benefit from falling borrowing costs that spur technology investment. But the resumption of rate cuts by the Fed looks increasingly unlikely this year.

Oracle will spend $500 million more on restructuring costs in the current fiscal year than previously reported as artificial-intelligence models allow the company to shrink parts of its workforce.

Atlassian is cutting about 10% of its workforce in a move to adapt to the rise of artificial intelligence.

Write to Paulo Trevisani at [e-mail]

(END) Dow Jones Newswires

03-12-26 1807ET