Technology Shares Rise as SpaceX Is Set to Enter Nasdaq 100 — Technology Roundup

Shares in the technology sector rose as sentiment improved ahead of SpaceX's inclusion in the Nasdaq 100.

Investors are bracing for an update from chip maker Samsung on Tuesday. SK Hynix's $29 billion U.S. stock-market listing will follow just a few days later, in what is set to be one of the biggest share sales in history.

Microsoft will cut some 3,200 jobs from its Xbox videogames division as it restructures the struggling business. The company will lay off 1,600 people this week and 1,250 more during the rest of the fiscal year that began this month, Xbox Chief Executive Asha Sharma said in a memo to staff. Microsoft is also selling or spinning off four game development studios and exploring strategic options for a fifth, moves that will take at least 350 additional people off its payroll.

TeraWulf will partner with Anthropic to build an artificial-intelligence infrastructure campus in Kentucky that could generate $19 billion in revenue and bring 400 megawatts of computing power online by 2028. The digital-infrastructure company said Monday the project is backed by a 20-year lease and supported by an investment-grade credit profile.

Shares of Ceva climbed after the company said it inked an artificial-intelligence licensing deal with a major U.S. software and AI-platform company.


Write to Paulo Trevisani at paulo.trevisani@wsj.com

(END) Dow Jones Newswires

July 06, 2026 17:09 ET (21:09 GMT)

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

The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.

Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.

Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.

Popular

Sponsor Center