Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Foxconn's AI-Driven Revenue Surge Signals Robust Demand for Nvidia Servers
Foxconn's first-quarter revenue surged 29.7% year-over-year, highlighting strong AI server demand for key client Nvidia. Nvidia projects $78 billion in Q1 revenue, excluding China data-center sales, as competition intensifies.
Nokia Stock Surges on Major UK 5G Network Contract with Virgin Media O2
Nokia's U.S.-listed shares climbed 6.65% following the announcement of a significant 5G network agreement with Virgin Media O2. The Finnish telecom equipment provider will supply radio and baseband gear as part of a wider UK network upgrade.
Nvidia Optimizes Google's Gemma 4 AI for Local Deployment as Inference Market Heats Up
Nvidia announced optimizations for Google's Gemma 4 AI models to run on PCs and edge hardware, expanding its reach as AI workloads shift from cloud training to local inference. The move comes amid rising competition in inference chips and Nvidia's continued data-center dominance.
Micron Retires $4.3B in Debt Amid AI-Driven Capital Expansion
Micron Technology has repurchased more than $4.3 billion of its outstanding debt through a tender offer, settling April 3. The move comes as the chipmaker significantly increases capital expenditures to capitalize on the artificial intelligence memory boom.
Nokia Secures Virgin Media O2 5G Contract as Ericsson Lands Larger UK Network Role
Nokia has been awarded a contract to supply 5G radio access network equipment to Virgin Media O2, though Ericsson secured a larger role as the operator's main RAN partner in a separate deal.
Ondas Expands ISR Capabilities with World View Acquisition
Ondas Holdings has finalized its purchase of World View Enterprises, enhancing its intelligence, surveillance, and reconnaissance network. The company's stock rose nearly 5% following the announcement.
Plug Power Secures Major Electrolyzer Contract for Quebec Green Hydrogen Project
Plug Power has been selected to provide a 275-megawatt electrolyzer system for Hy2gen Canada's Courant green hydrogen project in Quebec, sending its shares up 7%.
Snap Confronts Activist Demands for AI Focus, Cost Discipline
Activist investor Irenic Capital has taken a stake in Snap and is urging significant strategic changes, including cost reductions, a spin-off of its smart glasses unit, and increased AI investment. The company's stock gained following the news.
Intel Reclaims Full Control of Ireland Fab in $14.2B Buyback Deal
Intel will repurchase Apollo Global Management's 49% stake in its Fab 34 semiconductor facility in Ireland for $14.2 billion, regaining full ownership. The company will fund the transaction with cash and $6.5 billion in new debt.
Nvidia Commits $2B to Marvell Partnership for Custom AI Chip Integration
Nvidia has announced a $2 billion strategic investment in Marvell Technology to link Marvell's custom AI processors with Nvidia's NVLink Fusion system. The partnership aims to address growing demand for specialized AI infrastructure.
Ondas Seals World View Deal, Expands Defense Tech Portfolio
Ondas Inc. has finalized its purchase of World View Enterprises, issuing millions in shares and cash to integrate stratospheric surveillance platforms into its defense business.