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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.