Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Western Digital Rises on AI Storage Demand and Sandisk Divestiture Progress
Western Digital shares gained 3.5% as the company continues its Sandisk exit and reports strong AI-driven HDD demand. Q3 revenue hit $3.34B, up 45% YoY, with Q4 guidance above expectations.
AST SpaceMobile Switches to SpaceX After BlueBird Setback, Aims for Mid-June Launch
AST SpaceMobile will launch three Block 2 BlueBird satellites via SpaceX in mid-June, following the loss of BlueBird 7 on Blue Origin's New Glenn. The company maintains its 2026 rollout target, with shares up nearly 15% to $75.05.
MaxLinear Stock Surges Past $100 on AI Data Center Demand Ahead of Key Vote
MaxLinear shares surged over 21% to $101.20, driven by AI demand. A shareholder vote on expanding the equity plan is set for May 20.
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.