Some big tech shares were holding up Wednesday afternoon as inflation data and questions about the path ahead for interest rates weighed on U.S. stocks .

Tesla ( TSLA ), Intel ( INTC ) and Palantir ( PLTR ) were recently among the top gainers in the S&P 500, which was more broadly edging lower. The tech-focused Nasdaq Composite was ticking lower, but its retreat was less pronounced than that of the other leading indexes.

It's not exactly full-steam ahead for tech today, but there were a few standout names. Tesla, down substantially in 2025—CEO Elon Musk this week saw his estimated net worth drop below $400 billion for the first time this year—was up 4%. Palantir, the year's best performer in the benchmark S&P 500, was up nearly as much.

Apple ( AAPL ) saw its shares edge higher following news of an AI partnership with China's Alibaba ( BABA ), with the stock up more than 1%. Intel was up some 6%, extending its year-to-date gains after a brutal 2024.

There were, undoubtedly, losers in big tech as investors worried that stubborn inflation , as measured by the Consumer Price Index , might mean the Fed could keep interest rates higher for longer. Nvidia ( NVDA ) was recently down more than 1.5%, and the PHLX Semiconductor Index ( SOX ) edged downward.

All but two of the S&P 500's 11 sectors were recently in retreat.

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