Tech Down as Financial Worries Offset AI Optimism - Tech Roundup
Shares of technology companies fell as signs of financial stress offset optimism about the artificial-intelligence boom.
Chinese contract manufacturer Foxconn Technology shares surged after its chairman said he met with ChatGPT maker OpenAI and plans to meet with chip giant Nvidia.
Taiwan Semiconductor Manufacturing boosted its earnings projection in anticipation of further demand from AI applications.
The U.S. Chamber of Commerce sued the Trump administration over hefty new fees in the H-1B visa program, joining the legal campaign against the administration's changes to a program used by some of the biggest tech companies.
Hewlett Packard Enterprise slid after the provider of servers, storage services and other technology's growth projections for the year lagged lofty Wall Street expectations.
A rout in high-risk cryptocurrencies continued, with bitcoin trading at its lowest level since August. Similarly, shares of quantum-computing firms slid.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
October 16, 2025 17:40 ET (21:40 GMT)
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