Tech Down Sharply on Yield Fears - Tech Roundup

Shares of technology companies fell sharply as a spike in credit costs worldwide sowed more doubts about the sustainability of the artificial-intelligence boom.

American depositary receipts of Chinese search giant Baidu tumbled amid concerns about the costs of the company's efforts to reinvent itself as an AI player.

The PHLX "SOX" Semiconductor Sector index fell by almost 5%, continuing an improbably volatile streak for chip stocks.


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

(END) Dow Jones Newswires

August 18, 2026 17:27 ET (21:27 GMT)

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