U.S. markets were mixed on Wednesday, driven by fresh selling in technology stocks led by a sharp decline in advanced micro devices despite gains in several non-technology sectors, according to the AP.Advanced Micro Devices fell 15.7% even after reporting stronger-than-expected quarterly profit and issuing revenue guidance for early 2026 that also topped estimates. The decline came because investor expectations remained high after the stock doubled in the last 12 months.Even where earnings were strong, technology stocks more broadly faced pressure. Market participants have increasingly questioned whether valuations of major technology companies have risen too quickly after years of market leadership.The S&P 500 slipped 0.2%, its fourth modest decline in five sessions. As of 11:30 a.m. Eastern time, the Dow Jones Industrial Average rose 389 points, or 0.8%, while the Nasdaq Composite lost 1%, reflecting concentrated weakness in technology stocks.Software companies also face uncertainty over whether artificial intelligence-led competition could disrupt existing business models.Uber Technologies fell 3% after reporting quarterly results below analysts’ expectations and issuing weak profit guidance for the current quarter, while also announcing a new chief financial officer.Some technology related names moved up. Super microcomputers surged 14% after reporting stronger-than-expected quarterly profit, supported by demand for artificial intelligence servers and related devices.Outside the technology sector, Eli Lilly gained 9.2% after it beat profit expectations on the back of strong demand for Munazro and Zepbound products.Match Group rose 5.7% after reporting better-than-expected results and raising its dividend, citing early success from security improvements including a facial verification feature for Tinder.Walmart’s market capitalization rose 0.2% a day after surpassing $1 trillion for the first time.In commodities, gold was trading almost flat at $4,935.60 an ounce after rising above $5,000 earlier, while silver rose 3.7%, extending the volatile moves seen in recent sessions.In the bond market, the yield on 10-year US Treasuries eased slightly to 4.27% from 4.28% in the previous session after mixed economic data including lower-than-expected private hiring and stagnant services sector expansion.In global markets, Japan’s Nikkei 225 fell 0.8% from a record high, while South Korea’s Kospi rose 1.6% to a new record high.