Tech Up as Traders Chase AI Momentum - Tech Roundup

Dow Jones

Apr 17

Shares of technology companies rose as traders chased momentum in the artificial-intelligence niche.

The Roundhill Magnificent Seven exchange-traded fund, which tracks the largest U.S. tech companies at the core of the AI boom, has now risen 18% from its lows early in the war.

Chip fabrication giant Taiwan Semiconductor Manufacturing signaled confidence in global demand for artificial intelligence despite the war in Iran, raising its forecast for revenue and playing down the risk of supply-chain disruptions.

An agreement with the Philippines to establish a high-tech industrial hub is the Trump administration's latest effort to lessen China's dominance over global supply chains.

Anthropic said it was significantly expanding its presence in London, betting on the U.K. capital to bolster its overseas operations as demand for its Claude chatbot keeps growing.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

April 16, 2026 16:55 ET (20:55 GMT)

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

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