Shares of technology companies rose as traders chased gains in the sector.

President-elect Donald Trump named a Silicon Valley figure close to Elon Musk, venture capitalist and former PayPal executive David Sacks, as the White House's artificial intelligence and cryptocurrency policy chief.

Separately, X.AI, the ChatGPT and OpenAI rival built by Elon Musk, raised another $6 billion in private funding, a reflection of the abundant capital sloshing around in private markets.


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

(END) Dow Jones Newswires

12-06-24 1742ET