Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
IREN's $2.6B Convertible Note Sale Puts Nvidia AI Pivot to the Test
IREN upsized its convertible-note offering to $2.6 billion after announcing an AI infrastructure plan with Nvidia. The deal includes a five-year option for Nvidia to buy up to 30 million IREN shares at $70 each.
Ouster Shares Rally on NVIDIA Lidar Qualification, But Valuation Questions Loom
Ouster shares jumped 6.1% in premarket after its Rev8 lidar sensors qualified for NVIDIA's DRIVE Hyperion platform, though no purchase order was announced. Q1 revenue hit $49 million with a net loss of $17.5 million.
Nvidia's Stock Hovers Near Record as Investors Eye China Policy Shift and Earnings
Nvidia shares hover near record highs as CEO Jensen Huang joins Trump's China trip, sparking hopes for renewed H200 AI chip sales. All eyes are on the May 20 earnings report.
Rackspace Surges 35% on AI Cloud Deal with AMD, Short Squeeze Amplifies Rally
Rackspace Technology shares surged 35% after announcing an AI cloud deal with AMD, with short covering amplifying the move as trading volume tripled.
OpenEvidence Partners with SSO, Pushes AI Deeper into Cancer Surgery
OpenEvidence partners with the Society of Surgical Oncology to integrate clinical content into its AI platform and launch a $100,000 grant for surgeon-led research.
QuantumScape Surges on $11M Billings, Eagle Line Progress
QuantumScape shares gained 4.9% Tuesday after reporting $11M in Q1 customer billings and progress at its Eagle Line pilot facility, signaling a step toward commercial solid-state battery production.
GitLab Restructuring and AI Pivot Trigger Share Decline
GitLab Inc. will cut jobs and restructure global operations to invest in AI agents, sending shares down 9.6%. Raymond James downgraded the stock, citing execution risks.
Energy Vault and Eskom Partner on Gravity Storage at South African Coal Plant
Energy Vault and Eskom have inked a deal to build a 25-MW gravity storage system at Hendrina Power Station, with potential expansion to 4 GW, targeting 4 GWh across Southern Africa by 2035.
POET Technologies Stock Rises After Appointing New COO to Lead Manufacturing Scale-Up
POET Technologies shares jumped 2.95% to $14.31 after appointing Sandeep Kumar as COO to lead manufacturing scale-up in Malaysia. The stock outperformed a down market as investors focus on production execution.
AI Memory ETF Surpasses $6.5 Billion in Rapid Launch, Outpacing Bitcoin Funds
The Roundhill Memory ETF (DRAM) hit $6.5 billion in assets 36 days post-launch, fueled by AI memory chip demand. Retail net buying surpassed $150 million, outpacing Nvidia.