Sector Update: Tech Stocks Mixed Late Afternoon

MT newswire2026/09/16 19:53

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03:53 PM EDT, 09/16/2026 (MT Newswires) -- Tech stocks were mixed late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) up 0.1% and the State Street SPDR S&P Semiconductor ETF (XSD) down 0.4%. The Philadelphia Semiconductor index was up 0.4%. In corporate news, Amazon-backed (AMZN) Anthropic CEO Dario Amodei and Microsoft-backed (MSFT) OpenAI CEO Sam Altman have been called to attend a hearing on Oct. 5 amid mounting concerns about AI risks, New York City Council Speaker Julie Menin said Wednesday. Amazon shares were down 1.3%, and Microsoft shed 1.7%. Apple (AAPL) is developing an AI enterprise server with its M-series processors while holding talks to incorporate Nvidia's (NVDA) networking technology, The Information reported. Apple shares were up 0.1%, and Nvidia added 0.7%. SK Hynix (SKHY) said Wednesday no deals have been finalized regarding a potential US memory chip partnership with Intel (INTC), in response to a media report that the companies are discussing a possible joint venture or use of Intel's Ohio plant. SK Hynix shares were down 0.7%, and Intel gained 3.3%. CoreWeave (CRWV) shares rose 3% after the company added multirack Nvidia (NVDA) Vera Rubin NVL72 systems to its cloud, allowing hundreds of Nvidia Rubin GPUs to operate as a single cluster for AI training and inference.

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华尔街见闻•2026/11/10 23:03

Nvidia continues to plummet, losing $430 billion in market value over two days, with Microsoft temporarily reclaiming the world's second place.

On Tuesday, Nvidia closed down 5.5%, a decline significantly greater than other major tech stocks, making it a key factor dragging down the tech sector's performance. During intraday trading on Tuesday, Microsoft's market capitalization briefly surpassed Nvidia, making it the world's second largest publicly traded company by market value. However, after Anthropic released its office suite, Microsoft's losses widened, causing it to fall behind Nvidia once again.

华尔街见闻•2026/11/10 23:01