Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Intel's Volatile Week Ends with Neutral Analyst Call Ahead of Holiday
Intel shares edged up 0.6% to $46.79 on Friday, capping a volatile week. DA Davidson started coverage with a Neutral rating and a $45 target, calling Intel's reset one of the hardest in semiconductor history.
Palantir Stock Gains Amid Analyst Upgrade, Burry's Bearish Bet
Palantir shares advanced Friday, recovering from prior losses, as a bullish analyst upgrade contrasted with Michael Burry's bearish position. Markets eye Fed minutes and inflation data next week.
Broadcom Shares Slide as Analyst Flags AI Chip Margin Pressure
Broadcom shares declined 1.8% to $325.17 as D.A. Davidson started coverage with a Neutral rating and $335 target, citing risks from cloud customers internalizing chip work.
Cognizant Shares Rebound After Steep Drop, AI Concerns Linger
Cognizant stock snapped a four-session losing streak Friday, closing up 1.1% at $66.55. The rebound followed a sharp 7.2% decline on Thursday amid heavy trading volume.
Seagate Completes $600M Debt Exchange, Sets Investor Events
Seagate Technology has agreed to a $600 million debt exchange, swapping notes for cash and new equity. The transaction is scheduled to settle around February 17.
Netflix Shares Stagnate Amid Warner Deal Uncertainty, Insider Sales
Netflix shares showed little movement Friday as reports emerged of a possible shareholder challenge to a Warner Bros Discovery partnership. Insider stock sales and fresh inflation figures added to the market backdrop.
Palantir Stock Recovers as Defense Deal Counters Burry's Bearish Bet
Palantir stock rose 1.2% to $130.71, recovering from a sharp drop triggered by Michael Burry's bearish note. The company secured a key U.S. defense cloud authorization.
Apple Shares Slide Amid Regulatory Pressure and AI Development Delays
Apple shares fell in Friday trading, extending losses after a sharp selloff. The decline follows an FTC warning about Apple News and reports of delays to new Siri AI capabilities.
Microsoft Gains on Cool Inflation Data, Aramco AI Partnership
Microsoft shares advanced slightly Friday following cooler-than-expected inflation figures and a new AI partnership announcement with Saudi Aramco.
Algorhythm's AI Freight Claims Spark Market Turmoil, Trucking Stocks Tumble
Algorhythm Holdings shares jumped 16.7% in premarket trading following a 30% surge Thursday, as its AI freight efficiency claims triggered a selloff in trucking and logistics stocks.
Apple Shares Stabilize After $200B Rout Amid AI, Regulatory Concerns
Apple shares edged up 0.1% in premarket trading Friday, attempting to stabilize after a sharp 5% decline erased roughly $200 billion in market value. Investors are assessing internal challenges with the Siri AI overhaul and regulatory scrutiny.
Experian Gains on ChatGPT Insurance App and Buyback Announcement
Experian's stock advanced 1.6% in London trading following the launch of an insurance comparison app within ChatGPT and a new share buyback transaction.