Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Moderna Shares Surge on Hantavirus Vaccine Interest After Andes Virus Outbreak on Cruise Ship
Moderna shares rose nearly 12% after an Andes virus outbreak on a cruise ship drew attention to its early-stage hantavirus vaccine, though WHO rates public risk low.
Intel Shares Hit Record on Apple Foundry Deal Report; BofA Warns Rally Overdone
Intel shares jumped 14% to a record $124.92 after reports of a preliminary chipmaking deal with Apple. BofA raised its price target but maintained an Underperform rating, saying the potential deal is already priced in.
Everspin Technologies Surges on $40M Defense MRAM Deal
Everspin Technologies shares rose 25% to $26.99 after announcing a $40 million defense subcontract for domestic MRAM production, with Q1 revenue reaching $14.9 million.
Micron Surges on AI Memory Demand as Chip Rally Intensifies
Micron Technology shares surged 15.5% to $746.81 on Friday, fueled by soaring demand for AI memory chips. Q2 revenue reached $23.86 billion, and Q3 guidance of $33.5 billion underscores the strategic importance of memory in AI.
Micron Hits $850B Market Cap as AI Memory Demand Surges
Micron Technology's market value topped $850 billion as shares surged to $746.81, fueled by AI demand for memory chips. Quarterly revenue nearly tripled, with DRAM, NAND, and HBM sales hitting records.
IREN Secures $3.4B Nvidia Cloud Deal, Pivots from Bitcoin Mining to AI
IREN Limited inked a $3.4 billion, five-year cloud-services agreement with Nvidia, which also secured an option to purchase up to 30 million IREN shares at $70 each, signaling a strategic pivot from bitcoin mining to AI infrastructure.
Intel Stock Jumps 14% on Apple Foundry Deal: The Real Test Begins
Intel shares surged 13.9% on a reported preliminary chipmaking deal with Apple, but with a $2.44B foundry loss, the real test lies ahead.
ON Semiconductor Raises $1.3B via Convertible Notes, Eyes Buyback and Growth
ON Semiconductor priced $1.3 billion in zero-coupon convertible notes due 2031, using $331.9 million for share buybacks, as the chipmaker signals a cyclical recovery and AI-driven demand.
IonQ's $1.8B Chip Foundry Bet Secures Shareholder Approval
SkyWater Technology shareholders approved IonQ's $1.8 billion acquisition, clearing a key hurdle. The deal is expected to close in Q2 or Q3 2026.
Coherent Bounces Back as AI Data Center Demand Drives Capacity Expansion
Coherent shares rebounded 5.03% to $335.26 on Friday, recovering from a post-earnings slide, as AI data-center demand and a $2 billion Nvidia deal drive capacity expansion.