Shares of technology companies rose amid deal intrigue.
Shares of Intel surged after The Wall Street Journal reported rivals are exploring plans to carve up the chip giant.
Broadcom, a major supplier of chips to Apple and others, is weighing a bid for Intel's product arm, which designs and markets chips. Broadcom could rely on chip fabricator Taiwan Semiconductor Manufacturing to take over Intel's loss-generating manufacturing unit.
Baidu shares slid after the Chinese search engine posted a drop in quarterly revenue. Chinese Premier Xi Jinping signaled to leading technology entrepreneurs and CEOs that he needed their help to deliver economic growth and self-sufficiency, more than four years after a crackdown by Beijing that dented confidence.
Reddit continued its recent decline amid concerns that a shift in Google's search algorithm was hurting traffic to the message-board Web site.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
February 18, 2025 17:20 ET (22:20 GMT)
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