Tech stocks rise as AI profit fears fade
The roundup says technology shares gained after concerns about artificial-intelligence profitability eased; it also notes weakness in some semiconductor makers and a sharp rise in Microsoft.
Shares of technology companies rose as fears about artificial-intelligence profitability waned. Some Wall Street analysts suggested a recent report about more modest OpenAI revenue projections was somewhat skewed by technical issues, such as discrepancies between OpenAI's method of counting revenue and that of rival Anthropic. Shares of semiconductor makers remained weak. Shares of hyperscaler Microsoft rose sharply.
com (END) Dow Jones Newswires October 09, 2026 17:37 ET (21:37 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.