Wall Street was optimistic Trump's second term would be more favorable for technology stocks, but the sector has gotten off to a rough start to the year.
Intel shares popped more than 14% after announcing Lip-Bu Tan as its new CEO and Wall Street cheered the chipmaker's attempt to turn around its business.
Palantir is rolling out the first two artificial intelligence-enabled systems as part of its $178 million contract with the U.S. Army, the company said Friday.
Tariffs may spike manufacturing costs for leading technology companies such as Apple and Nvidia that assemble and manufacture products outside the U.S.