Tech Up as Hard-Hit Sector Rebounds - Tech Roundup

Shares of technology companies rose as some stocks hard-hit in a selloff Tuesday came storming back.

Shares of electric-car maker Tesla rose by more than 4%. Shares of Arista Networks slumped on Wednesday, even after the maker of hardware for data centers posted earnings that exceeded investors' expectations.

OpenAI Chief Financial Officer Sarah Friar said that an IPO is "not on the cards" for the company in the near term, throwing a dose of cold water on what could become one of the largest public listings in history.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

11-05-25 1730ET