Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Uber Targets $1B European Delivery Expansion Amid CFO Transition
Uber Technologies is expanding its Uber Eats service to seven additional European countries, aiming for $1 billion in extra gross bookings over three years. The move comes as the company prepares for a CFO transition and awaits approval for a Türkiye delivery acquisition.
Qualcomm Gains Ahead of Holiday, Memory Shortage Weighs on Outlook
Qualcomm shares advanced 1.6% Friday, closing at $140.70 with 13.1 million shares traded. Markets are closed Monday for Presidents Day, with focus on persistent memory-chip shortages impacting smartphone chipmakers.
Shopify Initiates $2 Billion Share Buyback Amid Growth and Margin Focus
Shopify launches a $2 billion share repurchase program starting February 17, with no set expiration date. The move follows a quarter of 31% revenue growth but comes alongside guidance for reduced free cash flow margins.
Nebius Shares Surge 9% on $16-$20B 2026 Capital Plan, Q4 Revenue Miss
Nebius shares rose 9.3% Friday as the AI cloud company detailed an ambitious $16-$20 billion capital spending plan for 2026, while reporting a Q4 revenue shortfall and net loss.
CoreWeave CEO Executes Major Share Sale Amid Legal Deadline and Earnings Anticipation
CoreWeave's CEO sold a significant block of shares ahead of a March 13 legal deadline and the company's upcoming Q4 earnings report on February 26.
Lam Research Gains as Chip Equipment Sector Rallies on Applied Materials Outlook
Lam Research shares advanced Friday, mirroring a sector-wide rally after Applied Materials issued an upbeat outlook. Markets are closed Monday for Presidents Day, shifting focus to upcoming economic data.
Zoho Founder Warns of Big Tech Sovereignty as Alphabet's $32B Bond Sale Fuels Debate
Zoho co-founder Sridhar Vembu reignited warnings about Big Tech's sovereign-like power following Alphabet's massive $31.5 billion bond issuance, drawing parallels to historical colonial trading companies.
ServiceNow Gains on Inflation Data, Insider Moves and Leadership Shift in Focus
ServiceNow shares climbed 3.6% to $107.08 Friday, buoyed by a softer U.S. inflation report. Investors are monitoring insider transactions, a leadership transition, and the company's financial targets.
Applied Materials Surges on AI Chip Demand Forecast; Tech Sector Wavers
Applied Materials shares rallied sharply Friday following an optimistic forecast tied to artificial intelligence infrastructure spending, even as the broader technology sector faced weekly losses amid market volatility.
Quantum Computing Stocks Rally Ahead of Key Earnings Reports
Quantum computing equities advanced Friday, led by Rigetti Computing and IonQ, as investors looked past a downgrade and toward upcoming quarterly results. Markets are closed Monday for the holiday.
