Shares of technology companies rose, as traders rotated back into higher risk areas of the market.
Nvidia shares fell after hours in the wake of a warning that supply-chain issues sparked by Chinese lockdowns would weigh on its growth outlook. Semiconductor-equipment maker Applied Materials is working closely with key suppliers to find the inventory needed to work down a backlog of customer orders triggered in part by Chinese lockdowns, said Chief Financial Officer Brice Hill.
Cryptocurrency-focused venture-capital firm Volt Capital raised a $50 million fund for early-stage crypto investments.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
05-25-22 1744ET
