Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
QuantumScape Shares Swing Wildly on Q1 Update, AI Data Center Pivot
QuantumScape shares swung sharply after launching Eagle Line pilot production, starting QSE-5 cell output, and gaining a new automaker partner. The company reported a narrower net loss of $100.8 million.
Palantir Shares Dip 5% Despite Major USDA Contract; Software Sector Slumps
Palantir shares dropped 5.4% to $144.41 Thursday, overshadowed by a broad software selloff triggered by IBM and ServiceNow results, despite winning a $300 million USDA contract.
Micron Stock Slips from Record as SK Hynix Profit Surge and Export Curbs Loom
Micron Technology shares slipped 2.2% from a record close as SK Hynix reported record profit and AI memory demand exceeds supply. Congress weighs tighter export controls on Chinese rivals.
Amazon's Anthropic Deal Boosts Stock, AWS Growth in Focus
Amazon shares rose 2.18% after expanding its Anthropic partnership, with Amazon investing up to $25 billion and Anthropic committing over $100 billion to AWS. All eyes are on Q1 earnings on April 29.
Nvidia Gains as Google Unveils TPU 8 Chips, Backs Vera Rubin Platform
Nvidia shares climbed 1.3% premarket after Google unveiled its TPU 8 chips and committed to offering Nvidia's Vera Rubin NVL72 platform, with SK Hynix reporting surging AI memory demand.
Microsoft Stock Dips on Record $18B Australian AI Deal Amid Sector Selloff
Microsoft shares dropped about 2% in premarket trading after unveiling a record A$25 billion ($17.9 billion) AI investment in Australia, as tech stocks broadly declined on growth concerns from IBM and ServiceNow.
ASML Confirms Capacity to Meet 2026 AI Chip Demand, Cites China and Tech Adoption Risks
ASML's CEO assured investors the company will not constrain the global chip industry's ability to meet AI-driven demand in 2026, following significant capacity investments. The company raised its 2026 sales outlook to €36-40 billion, though it flagged persistent risks from geopolitics and the adoption of its newest, costlier machines.
AMD Surges on Stifel Target Hike to $320, Eyes May Earnings
AMD shares climbed 6% to $302.24 after Stifel increased its price target to $320, maintaining a Buy rating. The chipmaker's stock now trades less than 6% below that target.
