Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Anthropic Nears $900B Valuation in Record $30B Funding Round
Anthropic is raising $30 billion at a ~$900 billion valuation, potentially surpassing OpenAI. Annualized revenue is projected to exceed $45 billion.
Redwire Soars 22% on Defense Tech Showcase Amid Record Backlog
Redwire shares surged 22% Thursday, driven by defense tech showcase plans and a record $498M backlog, despite a wider net loss and new $350M share program.
Applied Materials Soars on AI Demand, Record Revenue, Upbeat Guidance
Applied Materials reported record quarterly revenue and earnings, driven by AI chip demand, and issued a strong Q3 forecast. Shares gained 3% in after-hours trading.
POET Technologies Surges 43% on $50M AI Optics Order from Lumilens
POET Technologies shares surged 43% after Lumilens placed a $50 million initial order under a new AI networking partnership, with potential to exceed $500 million over five years.
Alphabet Stock Pauses After Record Run Amid AI Gains
Alphabet shares edged lower on Thursday, cooling off after a record run, as profit-taking and rate worries offset strong AI and cloud results.
Virgin Galactic Advances 2026 Flight Plans Amid Narrowed Loss and Cash Concerns
Virgin Galactic reported a narrower Q1 loss of $64.7M and confirmed its 2026 flight test schedule, but warned of substantial doubt about its ability to continue as a going concern.
Microsoft Gains as AI Demand Drives Stock Higher
Microsoft shares rose 1.04% on Thursday as investors rotated into big tech, with Azure revenue up 40% and AI business run rate at $37 billion annually.
Apple Retreats from $300 as OpenAI Legal Threat Looms
Apple shares slipped 0.2% to $298.21 after Reuters reported OpenAI is considering legal action over a strained partnership. The dip came despite record quarterly revenue of $111.2 billion.
Figma Shares Rise as AI Monetization Lifts 2026 Revenue Forecast
Figma raised its 2026 revenue outlook by $55 million to $1.428 billion, citing AI-driven user growth. Q1 revenue surged 46% to $333.4 million, with net dollar retention at 139%.
