Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Sandisk Rebounds as AI Memory Supply Tightness Drives Demand
Sandisk shares surged 11.7% to $1,497 on Friday, rebounding from a drop, as AI memory supply tightness and $42 billion in future contracts boost investor confidence.
Intuit Opens Credit Karma to Credit-Invisible Consumers, Launches QuickBooks HCM
Intuit opens Credit Karma to 17M credit-invisible adults and debuts QuickBooks Workforce HCM. Shares fell 4.4% ahead of fiscal Q3 results on May 20.
Robo.ai Soars 61% on $100M Neurovia AI Acquisition
Robo.ai shares jumped 61% on Friday after the company announced a $100 million all-stock acquisition of Neurovia AI, a specialist in video compression and edge computing.
Teradyne Lifts Dividend as AI Test Demand Sustainability Under Scrutiny
Teradyne announced a $0.13 quarterly dividend, payable June 12. Shares rose 1.8% after an 87% Q1 revenue surge to $1.282B, fueled by AI testing demand, but concerns persist about sustainability.
Innodata Soars on Record Revenue, Big Tech Contracts
Innodata shares surged 89% on record Q1 revenue of $90.1M and a raised 2026 outlook. New Big Tech contracts could contribute $51M this year.
Tempus AI Upsizes Convertible Debt to $400M, Eyes Loan Repayment
Tempus AI priced $400M in 0% convertible senior notes, using proceeds to repay $307.7M in loans. Shares fell 7.6% premarket despite strong Q1 revenue growth.
SoundHound AI Shares Dip 12% Despite Record Revenue, Acquisition Plans Raise Concerns
SoundHound AI reported record Q1 revenue of $44.2M, up 52% YoY, but shares dropped 12% after hours due to a $25M GAAP net loss and the planned $43M acquisition of LivePerson.
IREN Surges as Nvidia Bets $2.1B on AI Cloud Expansion
Nvidia invested up to $2.1 billion in IREN via a share warrant and a $3.4 billion AI cloud contract, sending IREN stock up 9%. The deal underscores the intense demand for GPU compute capacity.
SiTime Soars 28% on AI Data Center Demand, Revenue Nearly Doubles
SiTime shares surged 28% after Q1 revenue jumped 88% to $113.6M, driven by AI data center demand. The company raised its 2026 growth outlook to at least 80%.