Tech Up as Traders Rotate Back Into Sector -- Tech Roundup

Dow Jones03-24

Shares of technology companies rose as traders rotated back into the beaten-down sector.

The mega-cap tech stocks that had led the bull market were particularly hard hit in the war-related correction. The Roundhill Magnificent Seven exchange-traded fund, a basket of major tech companies, rose by 1.6% but remains 9.3% in the red for the year to date.

Synopsys shares rallied after activist investment firm Elliott Management reportedly amassed a multibillion stake in the chip designer.

Super Micro Computer shares regained some of their losses associated with smuggling charges against a co-founder of the server maker.

Leo Radvinsky, the reclusive billionaire who reshaped the pornography industry by turning subscription service OnlyFans into an adult-content powerhouse, has died "after a long battle with cancer," the company said.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

March 23, 2026 17:09 ET (21:09 GMT)

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