Tech Down on Applied Materials Outlook -- Tech Roundup

Dow Jones

Aug 16, 2025

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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Chief Executive Lip-Bu Tan. \n</p>\n<p>\n  Investment firms Soros Fund Management and Appaloosa Management increased <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> holdings during the second quarter, betting the artificial-intelligence boom would continue. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Rob Curran at rob.curran@dowjones.com \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 15, 2025 17:17 ET (21:17 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2023250504.SGD","symbol_name":"Allianz Thematica Cl AMg DIS 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