Tech Down as AI Stock Wobble Continues -- Tech Roundup

Dow Jones08-21

Shares of technology companies fell as a backlash against richly valued artificial-intelligence companies continued.

One strategist said a minor correction was to be expected after the torrid run for the Nasdaq Composite and AI stocks such as Nvidia.

"After the current pullback of the last couple days, the index is still up over 9% year to date," said Oliver Pursche, senior vice president at financial advisory Wealthspire. "That's not exactly a bad return."

Palantir Technologies fell for the sixth straight session, its longest losing streak of the year, dragging the AI-enabled consulting firm's shares into bear-market territory, more than 20% below its recent peak, at one stage.

Carvana shares slid after rental-car chain Hertz said it would sell cars on Amazon's Web site.

Dayforce shares rallied after the maker of human-resources software said it's in negotiations to sell itself to investment firm Thoma Bravo in a deal that would value the provider of human-resources software at around $11.2 billion.

Tesla Chief Executive Elon Musk said the company's new six-seat version of its Model Y sport-utility vehicle might never come to the U.S, given the rise of autonomous vehicles.

Intel shares fell after CNBC reported the chipmaker is in talks with large investors to receive an equity infusion at a discounted price.

Analog Devices stock rallied Wednesday after the semiconductor company posted earnings that beat Wall Street's expectations and offered an upbeat outlook for the current quarter.

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

(END) Dow Jones Newswires

August 20, 2025 17:28 ET (21:28 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Palantir Technologies fell for the sixth straight session, its longest losing streak of the year, dragging the AI-enabled consulting firm's shares into bear-market territory, more than 20% below its recent peak, at one stage.Carvana shares slid after rental-car chain Hertz said it would sell cars on Amazon's Web site.Dayforce shares rallied after the maker of human-resources software said it's in negotiations to sell itself to investment firm Thoma Bravo in a deal that would value the provider of human-resources software at around $1","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"随着人工智能股票持续波动，科技股下跌——科技综述","themeId":"b783c17ebcc5a6d78f10b42e49826ce2","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"Shares of technology companies fell as a backlash against richly valued artificial-intelligence companies continued. \n\n\n  One strategist said a minor correction was to be expected after the torrid run for the Nasdaq Composite and AI stocks such as Nvidia. \n\n\n  \"After the current pullback of the last couple days, the index is still up over 9% year to date,\" said Oliver Pursche, senior vice president at financial advisory Wealthspire. \"That's not exactly a bad return.\" \n\n\nPalantir Technologies fell for the sixth straight session, its longest losing streak of the year, dragging the AI-enabled consulting firm's shares into bear-market territory, more than 20% below its recent peak, at one stage. \n\n\nCarvana shares slid after rental-car chain Hertz said it would sell cars on Amazon's Web site. \n\n\nDayforce shares rallied after the maker of human-resources software said it's in negotiations to sell itself to investment firm Thoma Bravo in a deal that would value the provider of human-resources software at around $11.2 billion. \n\n\nTesla Chief Executive Elon Musk said the company's new six-seat version of its Model Y sport-utility vehicle might never come to the U.S, given the rise of autonomous vehicles. \n\n\n  Intel shares fell after CNBC reported the chipmaker is in talks with large investors to receive an equity infusion at a discounted price. \n\n\n  Analog Devices stock rallied Wednesday after the semiconductor company posted earnings that beat Wall Street's expectations and offered an upbeat outlook for the current quarter. \n\n\n \n\n\n  Write to Rob Curran at rob.curran@dowjones.com \n\n\n  (END) Dow Jones Newswires\n\n\n  August 20, 2025 17:28 ET (21:28 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":false,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2561482387","isCrawlerRequest":true}