Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Lam Research Slips Amid Tech Rout Despite Strong AI Outlook
Lam Research shares declined 2.4% to $228.36 Friday, dragged down by a sector-wide tech selloff. The company maintained strong March-quarter revenue guidance of approximately $5.7 billion but highlighted vulnerabilities from its significant China business.
AeroVironment Secures $135M Army Drone Deals Amid Strategic Shifts
Defense contractor AeroVironment has been awarded nearly $135 million in new orders from the U.S. Army for its P550 long-range reconnaissance and Red Dragon attack drone systems. The contracts arrive shortly after the company lowered its revenue forecast and recorded a significant goodwill impairment.
Nokia Shares Retreat on Analyst Downgrade Amid AI-Driven Volatility
Nokia's stock declined below the €7 level following a sell recommendation from Inderes, which set a €5.20 price target. The shares remain up over 25% year-to-date, buoyed by AI-related developments.
Intel Shares Dip Amid Broader Semiconductor Sector Weakness
Intel shares declined 1% in early Friday trading, reversing some of Thursday's gains as the broader semiconductor sector and Nasdaq faced pressure. The drop comes despite news of an expanded AI partnership with Versa.
SanDisk Shares Retreat Despite Citi Target Hike as AI Rally Faces Valuation Scrutiny
SanDisk shares dropped over 4% in Friday trading, even after Citi increased its price target to $875, highlighting investor caution around its AI-fueled valuation following a 1,200% rally.
Rivian Shares Retreat as Uber's $1.25B Robotaxi Deal Raises Profitability Concerns
Rivian Automotive shares declined 6% Friday following Uber's announcement of a robotaxi partnership valued up to $1.25 billion. The electric vehicle maker also revised its financial outlook, no longer expecting adjusted core profit in 2027 due to higher research spending.
Nvidia's Major AWS GPU Deal Fails to Lift Stock Amid AI Spending Doubts
Nvidia shares declined approximately 1% in premarket trading Friday, even after announcing a significant agreement to supply Amazon Web Services with 1 million GPUs by 2027. The muted market reaction reflects broader investor caution about cloud capital expenditures.
Quantum Computing Stocks Slip as Investors Seek Tangible Revenue Over Long-Term Potential
Rigetti Computing shares declined alongside peers IonQ and D-Wave Quantum, highlighting investor impatience for revenue growth over technological promises. A new UK quantum funding package failed to lift the sector.
Snap Shares Extend Decline Amid Tech Selloff, Ad Pressure Persists
Snap Inc. shares declined again Thursday, marking a third straight loss amid a broader selloff in technology stocks. The stock now trades 56% below its July high as the company grapples with pressure on its core advertising business.
Palantir Gains on AI Mortgage Deal and UBS Target Boost Amid Market Weakness
Palantir shares advanced 1.9% to $155.68 on Thursday, defying a down market after unveiling an AI-powered mortgage venture and a bullish target revision from UBS.