<div id="readability-page-1"><div> Shares of technology companies slid as traders dumped high-flyers in the sector in anticipation of rising interest rates. Employers added 172,000 workers in May, far ahead of economists' expectations. The PHLX SOX Semiconductor index fell by more than 10% on Friday, its biggest rout since the depths of the 2020 pandemic. Still, the SOX remains up by 79% for the year. There's still a good chance that the chip selloff is a pause rather than an irrevocable halt in the AI stock frenzy, said Lorenzo Di Mattia, manager of hedge fund Sibilla Global Fund. After a string of &#34;beat and raises&#34; for major chip makers, many of whom cited artificial-intelligence demand, Broadcom recently left its revenue projection for the year unchanged, a conservative estimate given aggressive chip investment plans at Alphabet, one of its major partners. The guidance has broken the ebullient mood surrounding companies making the hardware for a massive wave of data-center development. Intel shares fell roughly 10% Friday, but are still more than twice the price they were at the start of the year. Docusign boosted its revenue projection for the year after stronger uptake of its AI-powered platform helped lift its profit and revenue in the first quarter. Shares of the digital-signature pioneer fell sharply, however. <pre></pre> Write to Rob Curran at rob.curran@dowjones.com (END) Dow Jones Newswires June 05, 2026 17:57 ET (21:57 GMT)Copyright (c) 2026 Dow Jones &amp; Company, Inc.</div></div>

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Tech stocks slid as traders dumped high-flyers amid rising interest rate expectations. The PHLX SOX Semiconductor index fell over 10%, its biggest rout since 2020, though it remains up 79% for the year. Broadcom kept revenue projections unchanged, dampening AI hardware enthusiasm, while Intel dropped roughly 10%. Conversely, Docusign raised its annual revenue forecast despite a sharp share decline.

- Shares of technology companies declined as traders anticipated rising interest rates, with the PHLX SOX Semiconductor index dropping over 10%.  
- Employers added 172,000 workers in May, exceeding economists' expectations, yet the chip sector's exuberance waned after Broadcom maintained its revenue guidance amid strong AI demand.  
- Despite Intel's shares falling 10% recently, they remain significantly higher than at the year's start, while Docusign's revenue projections rose due to AI uptake, despite a sharp decline in its shares.

Tech Slides Amid Rout in Semiconductor Cos — Tech Roundup