Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Broadcom's Google AI Deal Intensifies Competition with Nvidia
Broadcom announced a major partnership to build Google's future tensor processing units and supply AI rack components until 2031. The deal highlights escalating competition in the AI semiconductor market, where Nvidia currently leads.
Mizuho Trims Quantum Computing Targets After Nvidia Conference
Shares of IonQ, D-Wave Quantum, and Rigetti Computing declined after Mizuho reduced price targets, pointing to a sector reassessment following Nvidia's GTC event.
Nokia AGM to Decide Leadership, Payouts Amid AI Strategy Shift
Nokia's annual meeting features key votes on leadership succession, shareholder returns, and expanded capital flexibility as the company pivots toward AI-driven network upgrades.
Snapchat Study Aims to Capture Healthcare Ad Dollars Amid Rival Pressure
Snap Inc. published a study indicating 59% of surveyed Snapchat users altered real-world health actions after seeing content on the platform. The move targets healthcare advertising as the company faces pressure from activist investor Irenic Capital.
Plug Power Surges on Major Quebec Hydrogen Deal Ahead of Investor Tour
Plug Power shares rallied sharply following a significant electrolyzer contract award in Quebec. Company leadership is commencing a Canadian investor roadshow to discuss financial progress and growth strategy.
Nvidia's Slurm Acquisition Sparks AI Ecosystem Control Concerns
Nvidia's acquisition of SchedMD, the developer behind the Slurm workload manager, has ignited concerns about potential hardware favoritism in AI and supercomputing. The chip giant asserts it will maintain Slurm's open-source, vendor-neutral status.
Microsoft's AI Ambitions Face Investor Scrutiny Over Costs and Concentration
Microsoft's stock remains under pressure following its worst quarterly performance since 2008, with investors focused on massive capital expenditures for AI infrastructure and significant commercial reliance on OpenAI.
Palantir's AI Defense Ambitions Fuel Bull-Bear Divide on Valuation
Palantir Technologies trades near $148 amid a 30% decline from its peak, with analysts deeply divided. Bullish cases cite surging government revenue and AI platform adoption, while bears warn of overvaluation and competitive pressures.
SanDisk Gains on AI Storage Demand Amid Broader Market Caution
SanDisk shares advanced 2.8% on Monday, outperforming the S&P 500, as strong AI infrastructure demand drove quarterly revenue growth of 61%. The company extended its manufacturing joint venture with Kioxia through 2034.
Plug Power Secures Major Quebec Electrolyzer Deal, Shares Edge Higher
Plug Power's stock gained in premarket trading following a significant electrolyzer contract award in Quebec. The company continues to target a financial turnaround by the end of 2026.
Nokia AGM to Decide Leadership, Capital Return as AI Strategy Takes Shape
Nokia shareholders will vote on a new chair and expanded capital return powers at Thursday's AGM, with the company navigating a strategic shift toward AI-driven networking ahead of quarterly earnings.
Intel Shares Surge on Analyst Upgrade Amid AI Chip Supply Constraints
Intel shares gained 4.9% to $50.38 after KeyBanc boosted its price target to $70, highlighting constrained AI server chip supply and broad semiconductor price increases. The company also announced a $14.2 billion buyback of Apollo's stake in its Fab 34 venture.