Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Netlist Surges 46% on Samsung Deal, Settling IP Disputes
Netlist (NLST) shares surged 46% after a five-year Samsung agreement, including a $239M upfront payment, licensing its patent portfolio and settling disputes.
CoreWeave Jumps 9% on Indonesia AI Data Center Push
CoreWeave (CRWV) shares climbed 9% after unveiling plans for three data centers in Indonesia, boosting contracted capacity by roughly 10%. Piper Sandler initiated coverage with an Overweight rating and a $151 price target.
Intel Stock Rises 0.9% to $91 as AI Server Growth Offsets Foundry Losses
Intel shares rose 0.9% to $91.00, lagging the Nasdaq's 2.1% gain, as strong AI server growth was offset by persistent foundry losses and minimal external revenue.
Alphabet's AI Chip Financing Edge Narrows Cost Gap by 220 Basis Points
Alphabet's $43.8 billion credit backstop enables Google-backed data centers to borrow at 7.1% vs. 9.3% for Nvidia-based projects, a 220-basis-point edge. GOOGL shares up 4.9%.
Alibaba Stock Surges 7% as Qwen AI Model Drives Investor Optimism
Alibaba's stock climbed 7% as the company's Qwen AI model, with a smaller active parameter set, draws attention to its potential for lower inference costs.
Faraday Future Soars 20% on Robot Sales Record, But 2,000-Unit Target Looms
Faraday Future (FFAI) shares surged nearly 20% premarket after its robotics unit reported record July sales. Yet achieving the 2,000-unit annual target demands doubling monthly shipments, raising questions about cash burn and dilution.
