Shares of technology companies tumbled as the Biden administration's new restrictions on artificial-intelligence exports weighed.
Nvidia shares slid after the White House launched new export restrictions on AI processors.
Shares of quantum-computing firms D-Wave Quantum and Rigetti Computing slumped after Meta Platforms Chief Executive Mark Zuckerberg said quantum computing was far from being a "practical paradigm," echoing comments from Nvidia Chief Executive Jensen Huang.
Apple is defending itself in the first hearing of a $1.8 billion U.K. class action lawsuit accusing the iPhone maker of abusing its dominance in the digital economy and overcharging customers on its App Store.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-13-25 1709ET