<div id="readability-page-1"><div> <p>Shares of technology companies fell as traders retreated from mega-cap firms driving the artificial-intelligence boom.</p> <p>   The Roundhill Magnificent Seven exchange-traded fund, a basket of the largest U.S. tech companies, fell by more than 1%, trimming its gains for the year to date to 4.5%. </p> <p>   Shares of Nvidia, which has been on a torrid run since a wobble during the early stages of the Iran war, fell by more than 3%. </p> <p>   Chinese search giant Baidu expects to list its chip unit in Hong Kong within this year, its finance chief said as he projected healthy revenue growth over the next few quarters, supported by AI income. </p> <pre></pre> <p>   Write to Rob Curran at rob.curran@dowjones.com </p> <p>   (END) Dow Jones Newswires</p> <p>   June 03, 2026 18:46 ET (22:46 GMT)</p><p>Copyright (c) 2026 Dow Jones &amp; Company, Inc.</p></div></div>

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<p>Tech stocks declined as traders retreated from mega-cap AI firms. The Roundhill Magnificent Seven ETF fell over 1%, while Nvidia shares dropped more than 3%. Meanwhile, Baidu plans to list its chip unit in Hong Kong this year, with management projecting healthy revenue growth driven by AI income.</p>

MorningStar

Magnificent Seven ETF - Roundhill

T-Rex 2X Long NVIDIA Daily Target ETF

AXS 1.5X NVDA Bear Daily ETF

Direxion Daily NVDA Bull 2X Shares

YieldMax NVDA Option Income Strategy ETF

GraniteShares 2x Long NVDA Daily ETF

Direxion Daily NVDA Bear 1X ETF

GraniteShares 2x Short NVDA Daily ETF

T-Rex 2X Inverse NVIDIA Daily Target ETF

NVIDIA

Baidu

BIDU-SW

NVIDIA Corporation

BIDU-SWR

Tech Down as Traders Retreat From Magnificent Seven — Tech Roundup