Shares of technology companies declined as a tepid outlook from one major chip-equipment manufacturer cast a pall on the semiconductor sub-sector.
Shares of Applied Materials plunged after the maker of semiconductor manufacturing equipment forecast growth short of Wall Street expectations.
Intel rallied after reports that the Trump administration may acquire a stake in the chip maker for the U.S. government, following a meeting between President Trump and Intel Chief Executive Lip-Bu Tan.
Investment firms Soros Fund Management and Appaloosa Management increased Nvidia holdings during the second quarter, betting the artificial-intelligence boom would continue.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
August 15, 2025 17:17 ET (21:17 GMT)
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