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Tech Up as Traders Rotate Back Into Sector - Tech Roundup

Dow Jones03-20 05:17

Shares of technology companies rose as traders rotated back into the beaten-down sector.

Shares of Micron fell as the memory-chip maker's growing capital expenditure offset robust growth in demand from artificial-intelligence customers.

Jeff Bezos is in early talks to raise $100 billion for a new fund that would buy up manufacturing companies and seek to use AI technology to accelerate their path to automation.

In more signs of companies harnessing artificial intelligence to automate machinery, electric-car maker Rivian Automotive is jumping into the autonomous taxi race, launching a joint venture with ride-hailing firm Uber, which agreed to pitch in $1.25 billion.

Uber has struck partnership deals with several companies on self-driving taxis, including Waymo.

Tech consulting firm Accenture reported higher second-quarter revenue as companies' AI adoption continues to drive demand for its services.

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

(END) Dow Jones Newswires

March 19, 2026 17:17 ET (21:17 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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