Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
AMD Shares Slide on Downgrade Amid AI Rally Skepticism
AMD shares dropped 3.8% after a Northland Capital downgrade questioned the AI rally's sustainability, while Nvidia and Intel gained.
Intellia's CRISPR Therapy for HAE Nears FDA Filing After Late-Stage Success
Intellia Therapeutics (NTLA) announced its CRISPR therapy lonvo-z cut HAE attacks by 87% vs placebo in a Phase 3 trial, with 62% of patients attack-free. A rolling FDA submission has begun.
Nokia Stock Surges on AI Data Center Demand, Analyst Upgrades
Nokia shares gained 3.69% in Helsinki after Q1 earnings beat and multiple analyst upgrades, driven by a 49% surge in AI and cloud sales and a raised 2026 growth target.
Ackman's Uber Stake Gains Focus as Robotaxi Deal with Lucid Expands
Uber shares rose 2% on renewed attention to Bill Ackman's stake and a $200 million Lucid investment for robotaxis, with a commitment to 35,000 vehicles.
Applied Digital Secures $7.5B AI Lease, Faces Execution Hurdle
Applied Digital Corp. (APLD) signed a $7.5B, 15-year lease for 300 MW with an unnamed hyperscaler, pushing total contracted lease revenue above $23B. Shares jumped over 12%.
SoundHound AI Dips on LivePerson Acquisition, Wedbush Sees Upside
SoundHound AI shares dropped 1.4% to $8.08 on Monday after announcing an all-stock acquisition of LivePerson for about $43 million. Wedbush reiterated its Outperform rating, seeing long-term potential.
Micron's AI Memory Surge Revives Trillion-Dollar Valuation Debate
Micron Technology shares rose 3% premarket Monday as strong fiscal Q2 results and surging AI memory demand reignited discussions about the company's path to a $1 trillion valuation.
Joby Aviation Completes Inaugural NYC Air Taxi Flights, Intensifying Rivalry with Archer
Joby Aviation flew the first electric air taxi route in New York City, from JFK to Manhattan heliports in seven minutes, signaling progress toward commercial operations by 2026.
