Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Qualcomm Hits Record High on AI Data Center Push, Shifting Investor Focus
Qualcomm shares hit an all-time high amid a chip rally, as investors pivot to its data center ambitions. Q2 revenue reached $10.6B, and a $20B buyback was authorized.
NuScale Power Gains Despite Citi's $7 Target; Revenue Drops
NuScale Power shares rallied 4.3% to $13.09 Monday, even as Citigroup slashed its price target to $7. First-quarter revenue fell to $565,000, highlighting the need for binding contracts.
IonQ Shares Jump 16% After SkyWater Vote Advances Quantum Chip Deal
IonQ shares surged 16% after SkyWater Technology shareholders approved the $1.8B acquisition, bringing semiconductor manufacturing in-house for the quantum computing firm.
BigBear.ai Director Sells Shares as Defense AI Backlog Grows
BigBear.ai director Dorothy Hayes sold 15,000 shares for $61,575 on May 8, following a report of a $281.9 million backlog and reaffirmed 2026 revenue guidance.
Navitas Soars 18% on India's First GaN Power IC Launch for AI Data Centers
Navitas Semiconductor shares surged 18% Monday after Cyient Semiconductors unveiled India's first GaN power IC lineup, built with Navitas tech for AI data centers, telecom, and EV charging.
GCT Semiconductor Shares Jump on Satellite 5G Platform Deal Ahead of Q1 Earnings
GCT Semiconductor shares rose to $1.88 after hours on a satellite reference-platform deal. Q1 earnings due May 12 with expected loss of 13 cents per share on $1.77M revenue.
Ramp Targets $40B Valuation in $750M Funding Round
Ramp is negotiating a $750 million funding round at a pre-money valuation exceeding $40 billion, with existing investors GIC and Iconiq Capital expected to co-lead.
Lumentum Joins Nasdaq-100 as AI Optics Demand Surges
Lumentum Holdings will enter the Nasdaq-100 on May 18, replacing CoStar Group. The optical components company's stock has surged 145% this year amid AI-driven demand.
Rocket Lab Soars 34% on Record Revenue, $2.2B Backlog
Rocket Lab shares surged 34% to a record after Q1 revenue jumped 63.5% to $200.3 million, driven by a $2.2 billion launch backlog and key defense contracts.
Digi Power X's $175M ATM Plan Raises Stakes for Cerebras AI Data Center Deal
Digi Power X Inc. expands its ATM share program to $175M to fund a 40-MW AI data center deal with Cerebras Systems, as investors eye execution risks and dilution.