Technology Shares Rise as SpaceX is Set to Enter NASDAQ 100

Dow Jones

07/07

Shares in the technology sector rose as sentiment improved ahead of SpaceX's inclusion in the Nasdaq 100.

Investors are bracing for an update from chip maker Samsung on Tuesday. SK Hynix's $29 billion U.S. stock-market listing will follow just a few days later, in what is set to be one of the biggest share sales in history.

Microsoft will cut some 3,200 jobs from its Xbox videogames division as it restructures the struggling business. The company will lay off 1,600 people this week and 1,250 more during the rest of the fiscal year that began this month, Xbox Chief Executive Asha Sharma said in a memo to staff. Microsoft is also selling or spinning off four game development studios and exploring strategic options for a fifth, moves that will take at least 350 additional people off its payroll.

TeraWulf will partner with Anthropic to build an artificial-intelligence infrastructure campus in Kentucky that could generate $19 billion in revenue and bring 400 megawatts of computing power online by 2028. The digital-infrastructure company said Monday the project is backed by a 20-year lease and supported by an investment-grade credit profile.

Shares of Ceva climbed after the company said it inked an artificial-intelligence licensing deal with a major U.S. software and AI-platform company.

Write to Paulo Trevisani at paulo.trevisani@wsj.com

(END) Dow Jones Newswires

July 06, 2026 16:54 ET (20:54 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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The company will lay off 1,600 people this week and 1,250 more during the rest of the fiscal year that began this month, Xbox Chief Executive Asha Sharma said in a memo to staff. Microsoft is also selling or spinning off four game development studios and exploring strategic options for a fifth, moves that will take at least 350 additional people off its payroll. \n</p>\n<p>\n  TeraWulf will partner with Anthropic to build an artificial-intelligence infrastructure campus in Kentucky that could generate $19 billion in revenue and bring 400 megawatts of computing power online by 2028. 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SK Hynix's $29 billion U.S. stock-market listing will follow just a few days later, in what is set to be one of the biggest share sales in history. \n\n\n  Microsoft will cut some 3,200 jobs from its Xbox videogames division as it restructures the struggling business. The company will lay off 1,600 people this week and 1,250 more during the rest of the fiscal year that began this month, Xbox Chief Executive Asha Sharma said in a memo to staff. Microsoft is also selling or spinning off four game development studios and exploring strategic options for a fifth, moves that will take at least 350 additional people off its payroll. \n\n\n  TeraWulf will partner with Anthropic to build an artificial-intelligence infrastructure campus in Kentucky that could generate $19 billion in revenue and bring 400 megawatts of computing power online by 2028. The digital-infrastructure company said Monday the project is backed by a 20-year lease and supported by an investment-grade credit profile. \n\n\n  Shares of Ceva climbed after the company said it inked an artificial-intelligence licensing deal with a major U.S. software and AI-platform company. \n\n\n \n\n\n  Write to Paulo Trevisani at paulo.trevisani@wsj.com \n\n\n  (END) Dow Jones Newswires\n\n\n  July 06, 2026 16:54 ET (20:54 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}