Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Penguin Solutions Insider Sale Emerges Amid AI-Fueled Rally
Penguin Solutions SVP Joseph Clark files to sell 4,649 shares worth $181,218. The disclosure comes as PENG stock surges 13.5% to a 52-week high, with AI infrastructure growth offsetting Q2 revenue decline.
Microsoft's AI Bet Faces New Scrutiny After Major Fund Cuts Stake
TCI Fund Management cut its Microsoft stake from 10% to 1%, citing AI risks. MSFT closed at $415.12. Azure grew 40% in Q3, but rising capex and competition raise questions.
Amazon Stock Faces Key Test: AWS Outage, AI Spending, Inflation Data
Amazon (AMZN) heads into a crucial week after an AWS outage and ahead of key inflation data. Q1 earnings revealed strong AWS growth, but surging AI spending and shrinking free cash flow raise concerns.
NVDA Nears Record Highs as AI Deals and Inflation Data Loom
Nvidia shares closed Friday near record highs after announcing major AI deals with IREN and Corning, as markets brace for inflation data and earnings.
Kratos Selects Indiana Site for Hypersonic Testing Facility, Boosts 2026 Revenue Outlook
Kratos Defense & Security Solutions selected Odon, Indiana for a new hypersonic materials test facility, two days after raising its 2026 revenue outlook. Q1 revenue rose 22.6% to $371M.
Nokia ADR Rebounds as AI Cloud Sales Surge, but Execution Test Looms
Nokia's ADR rose 3.81% on Friday, recovering from a mid-week selloff, after first-quarter AI and cloud sales jumped 49%. Bank of America upgraded the stock, but margin pressure remains a risk.
Nvidia's Multi-Billion Dollar Prepayment Fuels Corning's AI Data Center Expansion
Nvidia has prepaid Corning several billion dollars to fund new U.S. factories, expanding optical fiber production for AI data centers and boosting Corning's long-term sales targets.
Western Digital Surges as AI Storage Demand Fuels Rally
Western Digital shares jumped 3.5% as AI storage demand drives the stock higher. The company's pure-play HDD focus and strong earnings outlook support the rally.
Amkor Technology Gains 6% After Closing $1.15B Convertible Note Deal
Amkor Technology shares rose 6% to $76.61 after the company completed a $1.15 billion convertible note offering to expand its advanced packaging capacity.
NextEra Energy's Kansas Data Center Plans Hit Zoning Hurdle
Sedgwick County, Kansas, has extended its moratorium on data center development applications to Sept. 11, affecting NextEra Energy's AI-driven expansion plans.