Tech Sector Sees Surge in AI and Semiconductor Developments

Last week saw significant developments in the tech sector, particularly in AI and semiconductor manufacturing. President Trump's announcement that Apple would collaborate with Intel on U.S.-based chip development and production boosted investor optimism around Intel, which gained nearly 5%.

Hewlett Packard Enterprise Co. said cloud provider Vultr selected its technology alongside Nvidia systems for advanced AI cloud services. HPE stocks lost 3%, while NVDA declined by 0.8%. Meanwhile, RUM Group completed its acquisition of Northern Data and launched its Quake AI platform, expanding its exposure to large-scale computing resources powered by Nvidia graphics processors.

The transportation sector also made progress with Uber Technologies expanding its robotaxi collaboration with WeRide into Switzerland, while Tesla received support from a Texas transportation official for its autonomous vehicle ambitions. Ondas announced its sixth acquisition of the year, agreeing to buy Cyberhawk for about $125 million, further expanding its presence in drone inspections and AI-driven analytics.