Tech Up as AI Speculative Boom Continues -- Tech Roundup

Published: 2025-06-30 17:38:08 ET META

Published on 06/30/2025 at 17:38

Shares of technology companies rose as the artificial-intelligence speculative boom continued.

Meta Platforms rose after Chief Executive Mark Zuckerberg confirmed the formation of a "Superintelligence" unit, intended to close the gap on rivals in the social media company's AI expertise.

After years of moving in lockstep, "the Magnificent Seven," the largest U.S. tech companies have diverged in performance in recent weeks, said J.D. Joyce, president of Houston financial advisory Joyce Wealth Management. Some of the mega-cap companies, including Nvidia, have hit new record highs since the post-tariff scare. Others, such as Apple and Tesla, remain deep in the red, as some macroeconomic trends -- such as ongoing tech tensions between the U.S. and China and rollbacks of electric-car subsidies -- have weighed on them.

Write to Rob Curran at [email protected]

(END) Dow Jones Newswires

06-30-25 1737ET