Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Nvidia's Multi-Billion Dollar Prepayment Fuels Corning's AI Data Center Expansion
Nvidia has prepaid Corning several billion dollars to fund new U.S. factories, expanding optical fiber production for AI data centers and boosting Corning's long-term sales targets.
Western Digital Surges as AI Storage Demand Fuels Rally
Western Digital shares jumped 3.5% as AI storage demand drives the stock higher. The company's pure-play HDD focus and strong earnings outlook support the rally.
Amkor Technology Gains 6% After Closing $1.15B Convertible Note Deal
Amkor Technology shares rose 6% to $76.61 after the company completed a $1.15 billion convertible note offering to expand its advanced packaging capacity.
NextEra Energy's Kansas Data Center Plans Hit Zoning Hurdle
Sedgwick County, Kansas, has extended its moratorium on data center development applications to Sept. 11, affecting NextEra Energy's AI-driven expansion plans.
Big Tech Offers to Fund SK Hynix Fabs Amid AI Memory Shortage
Global tech giants are offering to finance SK hynix's new fabs and equipment to lock in high-bandwidth memory supply, as AI-driven demand pushes capacity to zero and prices double.
Aehr Test Systems Rises on Record AI Chip Order, Despite Revenue Drop
Aehr Test Systems shares rose 6.5% on a record $41M AI chip order. Q3 revenue fell 44% to $10.3M, but bookings reached $37.2M, pointing to future growth.
Sandisk Shares Rally 16.5% as AI Flash Storage Demand Skyrockets
Sandisk shares jumped 16.5% to $1,562.34, lifting market cap to $245 billion, as AI-driven flash storage demand boosted Q3 revenue 97% sequentially to $5.95 billion.
Everspin Shares Jump on $40M Defense MRAM Award, Strong Q1 Sales
Everspin Technologies shares jumped 25.5% Friday following a $40 million U.S. defense MRAM deal and stronger Q1 sales. The stock closed at $26.99 and traded at $36.05 after hours.
Seagate Stock Surges on AI Storage Demand, but Valuation Raises Concerns
Seagate stock soared to record highs near $782.64 on AI-driven storage demand, but a high P/E ratio of 74 raises valuation concerns.
Dell Stock Soars 13% on Trump Endorsement; AI Server Demand Takes Center Stage
Dell Technologies stock surged 13% on Friday after President Trump endorsed the company. The bigger story remains Dell's booming AI server business, with $64 billion in orders.
Navitas Semiconductor Surges as AI Data Center Pivot Accelerates
Navitas Semiconductor shares surged 15% to $18.20 after Q1 revenue rose 18% sequentially to $8.6 million, driven by growth in AI data center and grid markets. Needham raised its price target to $21.