Shares of technology companies rose amid deal intrigue.

Shares of chip giant Intel surged after SemiAccurate, a technology news site, reported it was weighing a sale. Intel has already divulged plans to spin off its venture-capital arm as it scrambles to make up for lost time in the race to provide artificial-intelligence capabilities.

Shares of Nvidia, the leader in AI chip sales, rebounded after concerns that trade tensions would slow AI developments in the U.S. and China.

The Biden administration sanctioned a Chinese company it said was behind the vast cyber intrusions into U.S. telecommunications networks that swept up phone calls of scores of U.S. government officials as well as those of incoming President Donald Trump.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

01-17-25 1757ET