Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Lumentum Shares Surge on AI Infrastructure Rotation, Executive Sale
Lumentum shares climbed over 4% Friday, reaching a new intraday peak amid heavy trading volume. The move comes as capital rotates into AI infrastructure stocks, with optics and networking names benefiting.
AppLovin Shares Climb on Social Platform Development Signals
AppLovin shares gained 3.3% to $425.74 after indications emerged that the mobile advertising firm is developing a social platform. The company is hiring a founding backend engineer in Singapore for the project.
Broadcom Gains on 6G Chip Launch as VMware Concerns Loom
Broadcom shares advanced following the introduction of its new 5G Advanced/6G radio chip, BroadPeak. Investor attention remains divided between this hardware innovation and ongoing challenges in its VMware software segment.
Palantir Stock Dips Despite $1B DHS Deal, Rackspace Partnership
Palantir Technologies stock declined 1.5% to $132.89 on Friday, underperforming the broader software sector. The move came amid conflicting catalysts including a reported $1 billion U.S. Department of Homeland Security contract, a new strategic partnership with Rackspace Technology, and an analyst upgrade from Mizuho Securities.
Nokia's AWS-Powered 5G Core SaaS Debuts with First Commercial Customer
Nokia's stock remained steady around $7.60 in premarket trading following the launch of the first commercial 5G Core software-as-a-service deployment on Amazon Web Services by Belgian operator Citymesh.
Xero Shares Drop Amid Tech Sell-Off, AI Rollout Fails to Lift Sentiment
Xero shares declined 3.7% on Friday, underperforming a weak ASX technology sector. The sell-off occurred even as the company announced AI-powered automation tools for UK customers ahead of tax digitization deadlines.
AMD's $75M CEO Award and Insider Sales Draw Investor Scrutiny
AMD shares gained as filings showed CFO Jean Hu sold shares under a preset plan and the board approved a $75M performance award for CEO Lisa Su, vesting only if the stock hits $600 by 2031.
Oracle Gains Amid AI Infrastructure Funding Plan and Market Caution
Oracle stock advanced slightly on Thursday as the company outlined a massive capital raise for cloud expansion, even as broader markets dipped and bondholders pursued legal action over AI-related losses.
Meta Expands AI Infrastructure with Massive Nvidia Chip Order
Meta Platforms is significantly expanding its AI infrastructure through a broadened partnership with Nvidia, ordering millions of next-generation GPUs and marking Nvidia's entry into the CPU market. Both companies' stocks gained following the announcement.
Raspberry Pi Stock Soars on AI Edge Computing Hype and CEO Purchase
Raspberry Pi's stock jumped sharply this week, driven by CEO Eben Upton's share purchase and speculation about AI applications on its affordable hardware. The rally highlights growing investor interest in edge computing as an alternative to cloud-based AI.
Unilever Gains on Google Cloud AI Deal Amid Analyst Caution
Unilever shares rose slightly following a new AI and data partnership with Google Cloud, as analysts express caution over valuation after a strong run. The company's India unit also plans a $220 million manufacturing expansion.
Xero Shares Edge Higher on Melio-Related Share Issuance, Eyes on April Escrow Release
Xero's stock closed up 0.8% at A$80.55 following a disclosure of 61,445 new shares issued for the Melio deal. A larger tranche of 1.32 million shares is set to exit voluntary escrow on April 15, 2026.