Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
GCT Semiconductor Faces Scrutiny Over 5G Ramp-Up and Cash Concerns
TD Securities reveals a 4.6% beneficial ownership in GCT Semiconductor, primarily via deep out-of-the-money warrants. The company's 5G chipset shipments rose 58% but revenue remains modest, and liquidity concerns persist.
Atlassian Shares Surge on AI Optimism After Figma's Bullish Forecast
Atlassian shares rose 7% Friday, buoyed by renewed AI optimism in software after Figma raised its revenue forecast, highlighting the potential for AI to drive expansion.
Top US Carriers Join Forces for Satellite Network to End Dead Zones
AT&T, Verizon, and T-Mobile announced an unprecedented partnership to create a satellite-based network connecting standard phones directly to satellites, aiming to eliminate wireless dead zones across the U.S.
UiPath Stock Jumps on AI Agent Hackathon Launch Ahead of Earnings
UiPath shares jumped 7.4% to $10.39 after launching a global hackathon for its new coding-agent platform. Trading volume spiked with heavy call option activity ahead of May 28 earnings.
Aurora Innovation's Autonomous Trucking Ambitions Face Real-World Test with Volvo-DSV Texas Launch
Volvo and DSV launch commercial autonomous freight on the Dallas-Houston route using Aurora's self-driving tech. Aurora reports $1M Q1 revenue and $223M net loss, targeting 200+ driverless trucks by 2026.
Amazon's AI Shopping Assistant Now Handles Checkout, Stock Dips 1.8%
Amazon launches Alexa for Shopping, an AI assistant that compares products, monitors prices, and automates purchases. Shares fell 1.8% to $262.50.
IREN Shares Slide After $3 Billion Convertible Note Sale for AI Pivot
IREN shares fell nearly 7% after closing a $3 billion convertible note sale to finance its transition from bitcoin mining to AI data centers.
Rivian's Robotics Spin-Off Mind Robotics Valued at $3.4 Billion
Mind Robotics, a robotics startup spun out of Rivian, raised $400 million at a $3.4 billion valuation. Rivian shares fell to $13.96 as R2 SUV deliveries begin.
Nokia Stock Retreats After AI Rally: Key Details for Investors
Nokia's US-listed shares dropped about 5% Friday, pulling back from an AI-driven rally. The company reported a 54% rise in Q1 operating profit and named a new mobile infrastructure president.
Intel Shares Slide as Server Chip Market Share Erodes to AMD and Arm
Intel shares tumbled 6.5% Friday after UBS data revealed its server CPU market share fell to 54.9% in Q1, while AMD and Arm advanced. The drop extends a three-day slide amid profit-taking in chip stocks and persistent rate worries.
ServiceNow Partners with Experian to Bolster AI Workflow Capabilities
ServiceNow and Experian have formed a global multi-year partnership to integrate Experian's Ascend data tools into ServiceNow's AI workflows, with initial applications in employee onboarding and risk management.
MicroAlgo Surges on Quantum Circuit Automation Algorithm
MicroAlgo Inc. shares surged 20.88% in pre-market trading after announcing a novel algorithm for automating quantum circuit design, but the company has not yet disclosed customers, pricing, or a launch timeline.