Shares of technology companies were flat, as concerns about tariff inflation and rising oil prices offset a boom in tech infrastructure spending.
Texas Instruments said it plans to invest more than $60 billion across three manufacturing sites in Texas and Utah. One strategist said recent earnings growth was set to continue for the foreseeable future. "Earnings are paramount as always and we had a good first-quarter earnings; with the second quarter, all the indications from macro picture they're going to remain well within a range that's supportive of markets," said Oliver Pursche, senior vice president at financial advisory Wealthspire.
Malaysia said it was looking into media reports that a Chinese company in the country used servers equipped with Nvidia and artificial-intelligence chips to train large language models.
Self-driving car firm Waymo is pushing to deploy driverless vehicles in New York City, planning to do more mapping and route-testing in a city where the cars have not been active since 2021.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
06-18-25 1802ET
