Tech Shares Gain; Alphabet Hits New High — Technology Roundup
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Dow Jones
Alphabet shares surged to an all-time high after The Wall Street Journal reported Google is making more of its own semiconductors, preparing a new chip that can handle everything from YouTube advertising to big data analysis as the company tries to combat rising artificial-intelligence costs.
The Technology Select Sector SPDR ETF ended up 0.5%.
Amkor Technology shares gained 7.7% after Needham analyst Charles Shi said the company is an underappreciated play on efforts to bring semiconductor manufacturing back to the U.S.
Write to Mary de Wet at mary.dewet@dowjones.com
(END) Dow Jones Newswires
April 09, 2024 17:14 ET (21:14 GMT)
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