Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Salesforce's Massive Buyback Plan Draws Credit Downgrade, Market Skepticism
Salesforce faces a credit rating downgrade from Moody's and a negative outlook from S&P after announcing plans to fund a $50 billion share repurchase program with debt. The company's stock fell as investors weighed the balance sheet risks against management's confidence in future growth.
GE Vernova Commits $200M to Vietnam Transformer Plant Amid Energy Push
GE Vernova will invest approximately $200 million to establish a large power transformer plant in Hai Phong, Vietnam, with full operations targeted for 2028. The move aligns with Vietnam's accelerated LNG and grid infrastructure development.
Cisco Integrates Splunk into Nexus Dashboard for AI Data Center Troubleshooting
Cisco Systems has embedded Splunk analytics directly into its Nexus Dashboard platform, providing real-time network fault detection and automated fixes for data center environments. The integration keeps sensitive telemetry data on-premises for compliance-focused customers.
Applied Materials and Micron Forge AI Memory Alliance at $5B EPIC Center
Applied Materials and Micron Technology announced a strategic collaboration to advance memory solutions for artificial intelligence systems. The partnership will leverage Applied's upcoming $5 billion EPIC research center.
AppLovin Forges Stagwell Alliance to Broaden Brand Ad Reach in Mobile Gaming
AppLovin announced a strategic partnership with marketing network Stagwell to expand agency access to its Axon advertising platform. The move comes as the company reports robust quarterly earnings but faces competitive and regulatory headwinds.
Lam Research and IBM Forge 5-Year Pact to Pioneer Sub-1nm Chip Technology
Lam Research and IBM have entered a five-year partnership to advance chipmaking technology beyond 2nm nodes, targeting sub-1nm processes. Lam's shares climbed $4.49 to $215.64 following the announcement.
Intel Debuts Edge AI Processors Amid Turnaround Push
Intel unveiled new processors for edge AI applications in industrial and medical systems at Embedded World, with systems shipping now and a healthcare software suite set for Q2 release. The company asserts its chips outperform AMD's Ryzen 7 9700X in latency tests.
Netflix Expands Live Sports with Ngannou-Rousey MMA Event
Netflix has scheduled former UFC champion Francis Ngannou to fight Philipe Lins on May 16, joining Ronda Rousey's return. The event streams globally for subscribers without additional charges.
AMD Resolves Patent Dispute with Adeia Amid AI Market Competition
Advanced Micro Devices has settled two patent lawsuits with Adeia and entered a multi-year licensing agreement, removing legal uncertainty. The resolution comes as AMD faces intensifying pressure in the artificial intelligence processor market.
