Sector Update: Tech

Sector Update: Tech

MT newswire2026/10/19 12:57

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08:57 AM EDT, 10/19/2026 (MT Newswires) -- Technology stocks were rising premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1.7% and the State Street SPDR S&P Semiconductor ETF (XSD) advancing by 4.6%. Nvidia (NVDA) is leaning towards using Taiwan Semiconductor Manufacturing's (TSM) 3-nanometer logic process and production capacity in the base die component of its planned high-bandwidth memory chip called NVHBM, Seoul Economic Daily reported, citing industry sources. Nvidia shares were up 1.8% and Taiwan Semiconductor stock rose past 2% pre-bell.

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Goldman Sachs strategists have lowered their 12-month target for South Korea's KOSPI Index from 12,000 points to 9,000 points, representing a 25% decrease. Earlier this year, Goldman had raised the target multiple times. The latest downgrade is due to mounting concerns in the market over artificial intelligence (AI) trading.

智通财经•2026/10/25 10:51