Tech stocks today: OpenAI shuts down Sora, Arm launches data center chip

Tech stocks rose on Wednesday following a downbeat day for the sector as the war in Iran dragged on. Investors continue to evaluate Nvidia’s AI offerings after the company unveiled new AI chips and an agentic AI platform at its developer conference last week. On Tuesday, Arm (ARM) announced its own entrance into the AI chip market with a new data center chip and server rack, sending the stock more than 12% higher in extended trading. In other tech news, Elon Musk’s SpaceX is nearing an IPO, Cisco (CSCO ...