Technology Shares Fall — Technology Roundup

Shares in the technology sector edged lower, despite the higher close of the tech-heavy Nasdaq index, as rising borrowing costs loomed large over the U.S. economy.

The AI build-out is on track to become the biggest economic bet in U.S. history, dwarfing the investments made to fund other huge U.S. infrastructure projects such as the railroads, the highway system and the plumbing for the internet. Total investment in data centers and related artificial-intelligence infrastructure is projected to total $10.3 trillion from 2025 to 2032, according to new estimates by economist Stijn van Nieuwerburgh published by the Brookings Institution. That is a staggering 3.6% of gross domestic product a year, on average. Never before has the U.S. economy been so dependent on the build-out of a single industry.

Newly published findings from nonprofit AI research lab Transluce, as well as from the Australian government, found that AI agents linked to OpenAI attempted in May and June to break into university and government websites to seek information. The attempted hacks join a growing list of incidents in which AI agents have gone rogue in pursuit of their goals.

An industry group representing the country's largest tech companies is urging the Trump administration to withdraw its proposal to charge companies $103,265 for most new H-1B visa applications, reigniting a fight between the White House and Silicon Valley over a popular program for highly skilled immigrants.

Qualcomm said it would be renewing its global patent license agreement with Apple, effective April 1, 2027. The company failed to provide further information, putting pressure on its shares.

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

(END) Dow Jones Newswires

September 24, 2026 18:07 ET (22:07 GMT)