Shares of technology companies rose amid deal activity.

Chip designer Qualcomm agreed to buy U.K.-listed semiconductor company Alphawave IP Group for about $2.4 billion as it seeks to boost its portfolio of technology used for artificial intelligence, data centers and data storage.

Apple shares slipped after the Silicon Valley giant unveiled new live translation capabilities, group-chat upgrades, and other new software capabilities, but failed to meet lofty artificial-intelligence expectations at its Worldwide Developers Conference presentations.


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

(END) Dow Jones Newswires

06-09-25 1755ET