Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
IREN Surges on AI Infrastructure Demand Following Major Cloud Deals
Shares of IREN climbed over 9% to $43.07 as major cloud agreements by Meta fueled investor optimism about AI infrastructure demand. The company plans to deploy 150,000 GPUs to capture this growing market.
Oracle Leads Software Rebound with 12.7% Surge Amid AI Uncertainty
Oracle shares surged 12.7% on Monday, leading a broad rebound in software stocks. Despite the rally, the stock remains down over 20% for the year as investors weigh the company's substantial AI infrastructure investments.
Marvell Soars to All-Time High on Nvidia Partnership and AI Data Center Demand
Marvell Technology shares surged to a record high, buoyed by Nvidia's strategic investment and strong demand for its optical networking products in AI data centers. Barclays upgraded the stock, citing significant growth potential.
Intel's $100 Billion Surge Continues on AI Deals and Analyst Optimism
Intel shares climbed for an eighth consecutive session, adding over $100 billion to its market value, driven by strategic AI partnerships, a major stake buyback, and bullish analyst sentiment ahead of its Q1 earnings report.
Nebius Shares Surge on AI Infrastructure Demand, Despite Valuation Concerns
Nebius Group shares climbed 7.4% Monday after Bank of America boosted its price target, countering a downgrade that flagged valuation risks following the stock's significant advance.
CoreWeave Shares Extend Rally on New AI Compute Deals with Anthropic and Meta
CoreWeave shares advanced Monday, building on gains from a new agreement to supply AI computing capacity to Anthropic. This follows last week's disclosure of a massive $21 billion order from Meta.
ServiceNow Downgraded by UBS on AI Disruption Fears, Shares Drop
UBS downgraded ServiceNow to neutral from buy, cutting its price target to $100 from $170, warning of AI disruption risks and softer demand for non-AI software. Shares dropped 7.6% in pre-market trading.
Palantir Stock Gains as ARK Invest Adds Shares Amid AI Sector Volatility
Palantir Technologies shares advanced nearly 2% premarket Monday following a significant purchase by Cathie Wood's ARK Invest. The move comes as the software sector faces pressure from emerging AI tools.
Meta Inks $21B AI Cloud Deal with CoreWeave Amid Major Debt Financing
Meta Platforms has signed a new $21 billion agreement with CoreWeave for AI cloud computing capacity extending to 2032. The deal comes as CoreWeave raises billions in debt financing to support its aggressive expansion plans.
Tesla Accelerates Affordable Compact SUV Development Amid Sales Challenges
Tesla is moving forward with plans for a more affordable compact SUV, targeting initial production in Shanghai. This comes as the company reported its largest quarterly gap between production and deliveries in years.