Shares of technology companies fell as interest-rate trepidation offset deal activity.
Confluent shares rallied after International Business Machines agreed to acquire the data-infrastructure company for around $11 billion.
One strategist said the widespread skepticism about artificial-intelligence investments could be a contrarian positive indicator for the boom. "When everyone is singing the same verse from the same hymnal that's when we have to be careful," said J.D. Joyce, president of Houston financial advisory Joyce Wealth Management.
Nvidia shares rose after reports that it could soon be able to export H200 AI chips to China.
Meta Platforms plans to hand Facebook and Instagram users in the European Union more control over how much data they share to see personalized ads, as European regulators keep the pressure on the social-media giant over privacy concerns.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
12-08-25 1752ET
