Sector Update: Tech

Sector Update: Tech

MT newswire2026/09/15 19:33

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03:33 PM EDT, 09/15/2026 (MT Newswires) -- Tech stocks were mixed late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.4% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.2%. The Philadelphia Semiconductor index was up 0.3%. In corporate news, Amazon's (AMZN) Amazon Web Services said Tuesday it is unable to restore access to data at some sites in the Middle East due to the ongoing conflict in the region. Amazon shares were down 2.3%.

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Michael Burry suggested that the AI bubble could burst as early as next summer and has replaced all his short positions on Micron, Nebius, SOXX semiconductor ETF, and Palantir with put options to obtain lower cost and higher leveraged short exposure. He believes the AI boom is built on the unproven assumption of "sustained capital expenditure," and once revenues disappoint, capital will quickly flee.

华尔街见闻•2026/09/29 04:01