BUZZ - Technology hardware stocks lag due to concerns over artificial intelligence returns
路透社2026/10/16 16:36October 16 - ** Technology hardware companies in the S&P 500 Index .SPX were among the worst-performing stocks this week
** The S&P 1500 Technology Hardware & Equipment Index .SPCOMTEHW fell 3.3% this week, while the S&P 500 Index .SPX declined by 1.2%.
** Artificial intelligence infrastructure stocks were weak this week, affected by market concerns that heavily indebted data center operators may take longer than expected to see returns from AI investments
** The biggest declines this week came from network equipment makers Lumentum Holdings LITE.O and Ciena CIEN.N, whose shares dropped 2.5% and 3.2% respectively as of Friday. By Thursday’s close, both companies had already lost nearly a quarter of their market value
** Despite the decline this week, LITE’s stock price has more than doubled so far this year
** Optical component maker Applied Optoelectronics AAOI.O dropped 3.3%, and Fabrinet FN.N fell 2.1%
** Server manufacturer Hewlett Packard Enterprise HPE.N, optical component maker Coherent COHR.N, electronics maker Flex FLEX.O, and AI server manufacturer Super Micro Computer SMCI.O saw their shares decline between 3.6% and 4.4%
(For the convenience of non-English speakers, Reuters offers automated translation of its reports into several other languages. Because automated translation may contain errors or fail to capture the necessary context, Reuters does not guarantee the accuracy of automated translations and provides them for the reader’s convenience only. Reuters accepts no liability for any damage or losses caused by the use of automated translation features.)
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