Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
POET Technologies Surges on Tax Resolution and Strategic Shift
POET Technologies shares jumped significantly for a second consecutive session following clarity on U.S. shareholder tax status and a proposed corporate relocation. The optical interconnect specialist also reported a major production order and new AI partnership.
Rocket Lab Gains on Analyst Upgrades and Defense Budget Focus
Rocket Lab shares advanced Tuesday following analyst price target increases and details of Pentagon space defense spending in the 2027 budget request. The company recently closed a key acquisition and holds a backlog exceeding $2 billion.
Amazon Deepens Anthropic Ties with Billions in New AI Investment
Amazon is injecting up to $25 billion in additional capital into AI developer Anthropic, which has pledged to spend over $100 billion on AWS over the next decade. The deal includes a massive commitment to Amazon's custom Trainium AI chips.
Palantir Shares in Focus as Pentagon Budget Looms, AI Defense Contracts in Play
Palantir Technologies shares are under scrutiny ahead of the Pentagon's fiscal 2027 budget details, with investors eyeing potential gains from a massive defense request and key AI system adoption.
Walmart Pilots Backroom Fulfillment to Accelerate Marketplace Delivery
Walmart is piloting a program in Dallas that uses store backrooms to hold third-party marketplace inventory for faster same-day delivery, a strategic move to compete with Amazon's delivery speed.
Oracle Shares Flat as AWS Partnership Fails to Ignite AI Revenue Optimism
Oracle shares were nearly unchanged Monday as the market assessed whether its new AWS Interconnect integration will generate sustainable AI income. The stock remains significantly below its peak from last September.
AMD Shares Dip After Rally as Analysts Boost Targets on AI CPU Demand
AMD shares declined 1.4% on Monday, cooling off after a record-breaking rally, while analysts at Bank of America and Stifel increased their price targets, highlighting growing AI infrastructure demand for central processors.
Hims & Hers Soars on FDA Catalyst as Omnicell Underperforms
Hims & Hers Health shares surged nearly 9% Monday, extending a strong weekly gain ahead of its May earnings report and a key FDA meeting on peptides. Omnicell reported mixed Q4 results with a net loss.
Broadcom's AI Surge Faces Test as Google Explores Marvell Chip Deal
Broadcom shares declined after reports surfaced that Google is in discussions with Marvell Technology for new AI chips, potentially impacting Broadcom's custom silicon business. Despite this, Broadcom's AI revenue soared 106% last quarter to $8.4 billion.
Lilly Acquires Kelonia in $7B Bet on In-Body CAR-T Cancer Therapy
Eli Lilly will purchase Kelonia Therapeutics in a deal valued at up to $7 billion, gaining an experimental in-body CAR-T therapy for blood cancer. Lilly shares rose 2.5% on the news.
Google in Talks with Marvell for Custom AI Chips, Boosting Custom Silicon Race
Alphabet's Google is in discussions with Marvell Technology to design two new AI chips, according to a report. The move would deepen Marvell's role in the custom chip market for cloud giants.
AST SpaceMobile Satellite Launch Anomaly Threatens 2026 Network Timeline
AST SpaceMobile's critical BlueBird 7 satellite experienced an orbital anomaly following its launch on Blue Origin's New Glenn rocket, creating uncertainty for the company's planned 2026 commercial service deployment.