Tech Up as Traders Chase AI Gains -- Tech Roundup
Shares of technology companies rose as investors piled back into artificial-intelligence bets. Shares of Marvell Technology rallied after the chip-design and networking company forecast sustained growth in earnings over the next five years, citing AI demand. Nvidia-backed cloud-computing startup Lambda is raising up to $4 billion in a final round of fundraising before the company's planned initial public offering. DayOne Data Centers, an AI infrastructure firm backed by Japanese investment conglomerate SoftBank, is seeking to raise up to $5 billion in a U.S. initial public offering. Uber Technologies agreed to buy catering platform ezCater for about $2.3 billion in cash, pushing its food-delivery business into a new niche. Write to Rob Curran at rob.curran@dowjones.com (END) Dow Jones Newswires October 06, 2026 17:57 ET (21:57 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The statements in this document shall not be considered as an objective or independent explanation of the matters. Please note that this document (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and (b) is not subject to any p
Shares of technology companies rose as investors piled back into artificial-intelligence bets. Shares of Marvell Technology rallied after the chip-design and networking company forecast sustained growth in earnings over the next five years, citing AI demand. Nvidia-backed cloud-computing startup Lambda is raising up to $4 billion in a final round of fundraising before the company's planned initial public offering. S.
initial public offering. 3 billion in cash, pushing its food-delivery business into a new niche. com (END) Dow Jones Newswires October 06, 2026 17:57 ET (21:57 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The statements in this document shall not be considered as an objective or independent explanation of the matters.
Please note that this document (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and (b) is not subject to any prohibition on dealing ahead of the dissemination or publication of investment research.