Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Intel's Neutral Rating Highlights 'Show Me' Turnaround Challenge Ahead of Key Week
Intel stock closed slightly higher Friday after D.A. Davidson started coverage with a Neutral rating and $45 price target, labeling the chipmaker's recovery a 'show me' story. Trading resumes Tuesday post-holiday with Fed minutes and chip demand signals in focus.
Microsoft, Aramco Forge AI Alliance, Set 2026 Saudi Azure Launch
Microsoft and Saudi Aramco have agreed to collaborate on industrial artificial intelligence projects and workforce development. The tech giant confirmed its Saudi Arabia East Azure cloud region will commence operations in late 2026.
Palantir Gains on Defense Cloud Clearance, Faces Valuation Scrutiny
Palantir shares advanced 1.8% to $131.41 Friday following a key Defense Information Systems Agency authorization for its federal cloud service. Trading volume hit 49 million shares in a volatile session as investors balanced defense contract momentum with renewed valuation concerns.
Applied Materials Surges on AI-Driven Forecast, Settles Export Case
Applied Materials shares rallied sharply following an upbeat quarterly forecast driven by artificial intelligence and memory market demand. The company also resolved a U.S. export-control investigation with a substantial settlement.
Apple Shares Slide on Regulatory Pressure and AI Delays Ahead of Key Week
Apple shares declined 2.3% to $255.78 Friday, marking a two-day drop exceeding 7% following an FTC warning letter and reported delays in AI-powered Siri features. The stock heads into the Presidents Day break having wiped out its 2026 gains.
Micron Shares Close Lower as Major Investor Stake Revealed Ahead of Holiday
Micron Technology shares closed lower Friday after a regulatory filing revealed Capital World Investors holds a 5.2% stake. Trading resumes Tuesday following the Presidents Day holiday.
Adobe Shares Edge Higher Amid Broader Software Sector AI Anxiety
Adobe shares gained slightly to $263.97 on Friday but remain under pressure, down roughly 25% year-to-date as investor concerns about AI's impact on software persist.
Joby Aviation Faces Key Week as Toyota Deepens Ties, Insiders Plan Sales
Joby Aviation shares closed at $9.90 ahead of the holiday break, with Toyota reportedly weighing a larger production partnership. Multiple executives have filed notices for potential stock sales.
Take-Two Stock Recovers Ahead of Holiday, AI Concerns and GTA VI Delay Linger
Take-Two Interactive shares gained 1.7% Friday, halting a recent decline. The stock remains under pressure from AI-related sector volatility and the postponed release of Grand Theft Auto VI.
Cloudflare Surges 6% Amid Analyst Split Before Holiday
Cloudflare shares jumped 5.8% Friday, recovering from prior losses amid conflicting analyst views. U.S. markets will be closed Monday for the Presidents Day holiday.