Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Intel's Surge Reshapes AI Chip Market, Lifting AMD and Nvidia
Intel's 23.6% surge on strong earnings reshapes AI chip dynamics, lifting AMD and Nvidia as CPUs gain focus in inference and agentic AI workloads.
Vertiv Shares Rise as JPMorgan Boosts Target on AI Data Center Demand
Vertiv shares closed up 0.5% at $323.46 after JPMorgan raised its target to $350, driven by AI data center demand. Q1 sales surged 30% to $2.65B, but cautious Q2 guidance tempered enthusiasm.
Cisco Enters Quantum Networking with Prototype Universal Switch
Cisco Systems (CSCO) introduced a prototype quantum switch that links diverse quantum computers and sensors over standard telecom fiber at room temperature, with data degradation of 4% or less.
BlackRock Reveals 8% Stake in Ciena as AI Optical Networking Demand Surges
BlackRock disclosed an 8% stake in Ciena, signaling institutional confidence in the AI networking trade. Shares are near record highs amid strong demand for optical connectivity.
CRISPR Therapeutics Shares Slide 11.6% as Casgevy Faces Revenue Test
CRISPR Therapeutics shares fell 11.6% Friday as investors weigh Casgevy's market performance and upcoming governance decisions.
Intellia Shares Surge on Eve of Historic CRISPR Phase 3 Data Release
Intellia Therapeutics shares rallied 19.3% after hours Friday as investors await Phase 3 data from its HAELO trial of lonvoguran ziclumeran, an in vivo CRISPR gene-editing therapy for hereditary angioedema.
OneMedNet Rebounds on Insider Purchases, Palantir Platform Launch
OneMedNet shares climbed back above $1 following $1.5 million in insider purchases and the launch of its Palantir-powered iRWD data platform.
Corning Files Shelf Registration After AI-Driven Stock Surge
Corning filed an automatic shelf registration on Friday, enabling future debt and equity offerings. The move follows a stock surge to $179.08 and precedes its April 28 earnings call.
AAOI Soars 17% on AI Optics Demand, Earnings Test Looms May 7
Applied Optoelectronics shares surged 17.7% to $162.17 on Friday, driven by a $71 million order for 800G transceivers and a Houston expansion. The company's first-quarter earnings report on May 7 will be a key test.
Meta's AWS Graviton5 Deal Signals AI Infrastructure Shift Beyond Nvidia
Meta Platforms has inked a multi-year, multi-billion-dollar agreement with Amazon Web Services to deploy tens of millions of Graviton5 cores for AI workloads, signaling a strategic expansion beyond Nvidia GPUs.
Ouster Surges on Atlanta Lidar Traffic Deal Ahead of 2026 World Cup
Ouster shares jumped 6.7% after announcing a major lidar traffic system deployment in Atlanta for the 2026 World Cup, with Q1 earnings due May 5.