Tech stocks are experiencing an uptick, notably with Uber and Lucid planning to expand their robotaxi service to Houston following their launch in San Francisco. They aim to offer self-driving rides by 2027. Meanwhile, Intel has initiated production of its new 18A-P chip architecture, enhancing its competitive position against TSMC. Additionally, SpaceX announced the acquisition of AI coding service Cursor for $60 billion, following its successful IPO.

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Tech stocks today: Uber and Lucid expanding in Houston, Intel's latest chip moves

Yahoo Finance

Updated Wed, June 17, 2026 at 9:53 AM EDT1 min read

Tech stocks were largely higher in early trading Wednesday, as SpaceX continued to gain momentum after its initial public offering Friday.

On Wednesday, Uber and Lucid announced that they're expanding their robotaxi service to Houston.

The companies previously announced San Francisco as their launch city, with plans to begin offering autonomous rides later this year. Houston will get self-driving rides in 2027.

Late Tuesday Intel said it's latest chip architecture, its 18A-P, has entered into initial production. A more powerful node than its 18A, the news provides an additional boost to Intel's ongoing turnaround effort, and could help with its push to become a strong rival the world's largest chip manufacturer TSMC.

Earlier Tuesday SpaceX said that it will purchase AI coding service Cursor for $60 billion. The news comes after SpaceX's blockbuster public debut on Friday, and as its market capitalization surpassed Amazon's ( AMZN).