Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
NIO Launches ES9 Flagship SUV Amid China's Slowing Premium EV Market
NIO has opened pre-orders for its flagship ES9 SUV, with pricing starting at 528,000 yuan. The launch comes despite a 4.9% drop in its U.S. shares and a contracting premium market in China.
Plug Power Reaffirms 2026 Profit Target, Unveils Major Cost-Cutting Initiative
Plug Power stock advanced as the company confirmed its target for positive adjusted earnings by the end of 2026 and outlined a significant cost-reduction strategy. The update followed a key electrolyzer contract win in Canada.
Amazon CEO Details $15B AI Revenue, Defends Massive Capex Plan
Amazon shares surged 5% Thursday as CEO Andy Jassy revealed AWS AI services generate over $15 billion yearly, with the chip business exceeding $20 billion. Jassy defended the company's planned $200 billion 2026 capital expenditure, noting significant customer commitments.
Lumentum Shares Surge as Analysts Boost Targets on Nvidia AI Optics Deal
Lumentum Holdings Inc. shares advanced after JPMorgan and Mizuho Securities increased their price targets, citing strong AI-driven optics demand following a major strategic investment and supply agreement with Nvidia.
Palantir Shares Slide as Burry Flags Anthropic AI Threat
Palantir Technologies shares dropped nearly 7% following comments from investor Michael Burry, who argued Anthropic is outpacing it in the enterprise artificial intelligence sector. Anthropic reported its annualized revenue run rate has soared beyond $30 billion.
Tesla Targets Affordable EV Segment with New Compact SUV Amid Sales Pressure
Tesla is advancing plans for a new compact electric SUV, priced below the Model 3, with production slated for its Shanghai plant. The move comes as the automaker faces a widening gap between production and deliveries.
Grab Deploys AI Suite in Jakarta, Aims to Slash Ride Costs Amid Economic Pressure
Grab Holdings unveiled 13 new AI-powered features in Jakarta, headlined by a Group Ride option promising fares up to 40% lower. The move is designed to alleviate pressure from rising fuel costs and strained household budgets, even as the company's financial outlook remains subdued.
Nokia Secures Fifth Consecutive Leadership Spot in Data Center Switching Report
Nokia has been recognized as a Leader and Outperformer in GigaOm's 2026 data center switching evaluation for the fifth straight year. The company's shares declined 1.05% in Helsinki trading ahead of its annual general meeting.
CoreWeave Secures $21B AI Cloud Expansion with Meta, Shares Rise
CoreWeave shares advanced following news of a roughly $21 billion AI cloud capacity agreement with Meta Platforms, set to run through December 2032. The deal comes alongside recent debt financing moves.
Intel Buys Back $14.2B Stake in Irish Fab, Bolstering AI Strategy Ahead of Earnings
Intel has regained full ownership of its Fab 34 facility in Ireland through a $14.2 billion buyback of Apollo's stake. The move strengthens Intel's manufacturing control as it prepares to report quarterly results and advance its AI initiatives.
