Sector Update: Tech Stocks Mixed Late Afternoon

MT newswire2026/09/16 19:53

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03:53 PM EDT, 09/16/2026 (MT Newswires) -- Tech stocks were mixed late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) up 0.1% and the State Street SPDR S&P Semiconductor ETF (XSD) down 0.4%. The Philadelphia Semiconductor index was up 0.4%. In corporate news, Amazon-backed (AMZN) Anthropic CEO Dario Amodei and Microsoft-backed (MSFT) OpenAI CEO Sam Altman have been called to attend a hearing on Oct. 5 amid mounting concerns about AI risks, New York City Council Speaker Julie Menin said Wednesday. Amazon shares were down 1.3%, and Microsoft shed 1.7%. Apple (AAPL) is developing an AI enterprise server with its M-series processors while holding talks to incorporate Nvidia's (NVDA) networking technology, The Information reported. Apple shares were up 0.1%, and Nvidia added 0.7%. SK Hynix (SKHY) said Wednesday no deals have been finalized regarding a potential US memory chip partnership with Intel (INTC), in response to a media report that the companies are discussing a possible joint venture or use of Intel's Ohio plant. SK Hynix shares were down 0.7%, and Intel gained 3.3%. CoreWeave (CRWV) shares rose 3% after the company added multirack Nvidia (NVDA) Vera Rubin NVL72 systems to its cloud, allowing hundreds of Nvidia Rubin GPUs to operate as a single cluster for AI training and inference.

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Korean media: Delivery times for key semiconductor equipment components have more than doubled

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