Shares of technology companies fell as fears about tariffs lingered.
Apple shares continued a recent slide, falling 3.3% to $198.55. The Silicon Valley giant stands to lose market share in China, incur tariff costs for its overseas manufacturing, and could also be hit by tariffs on foreign-movie production.
OpenAI's for-profit business will transition to a public benefit corporation, Chief Executive Sam Altman said.
Shares of AI-enabled analytics firm Palantir Technologies slid despite reporting marked revenue growth.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
May 05, 2025 17:47 ET (21:47 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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