Sector Update: Tech

Sector Update: Tech

MT newswire2026/10/12 13:04

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09:04 AM EDT, 10/12/2026 (MT Newswires) -- Technology stocks were mixed pre-bell Monday, with the State Street Technology Select Sector SPDR ETF (XLK) down 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) inactive. CCC Intelligent Solutions (CCC) shares were up 10% following media reports on Friday that private equity firm GTCR and activist investor Elliott Investment Management are in advanced, late-stage negotiations to acquire the automotive insurance software provider.

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NVIDIA, Intel, and AMD have collectively spent $5 billion in advance payments to aggressively secure high-end IC substrates from Taiwan. Driven by "big money for guaranteed orders," the top three Taiwanese substrate manufacturers have invested a record NT$161.2 billion to expand their production capacity. The tech giants' substantial financial commitments to secure supply chains highlight the intense competition and extreme scarcity of core AI materials.

华尔街见闻•2026/10/24 11:11