Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
UiPath Faces Pivotal Test as AI Automation Demand Stalls Growth
UiPath shares closed at $10.55, down about 1%, as investors focus on the company's ability to meet Q2 targets and prove AI-driven automation can accelerate recurring revenue growth.
Aurora Innovation Bounces Back After 23% Slide, Driverless Truck Launch Ahead
Aurora Innovation shares recovered 2.68% to $6.13 after a seven-day 23% decline, as investors eye the Q2 second-gen hardware rollout and driverless truck deployment target.
Marvell Technology Nears Record Highs on S&P 500 Entry and AI Demand
Marvell Technology (MRVL) closed at $279.70, down 0.36%, as investors anticipate its S&P 500 inclusion before June 22. Despite strong AI-driven revenue growth, valuation concerns persist with shares trading at 96 times earnings.
IREN Shares Surge 5% as Investors Eye AI Cloud Revenue Milestones
IREN shares climbed 5.40% to $59.77 as investors assess the pace of revenue recognition from major AI cloud deals with Microsoft and Nvidia, with GPU deployment at Childress as the next catalyst.
AST SpaceMobile Tumbles as Space Stock Momentum Cools Ahead of Key Satellite Launch
AST SpaceMobile shares plunged 15.5% to $82.41 amid a sector-wide selloff after SpaceX's market debut. The upcoming June 17 BlueBird satellite launch is the next major catalyst.
Tesla Closes Above $400 Amid Robotaxi Optimism and SpaceX Debut
Tesla closed above $400 at $406.43, up 1.8%, as robotaxi bets grow and SpaceX's debut fades. J.P. Morgan raised its target to $475, citing autonomy and robotics.
SMCI Slides 4.8% on $7B Financing, AI Order Dilution Fears
Super Micro Computer shares slid 4.8% after announcing a $7B equity and convertible financing for AI-server orders, but warned the $39B in orders are not firm commitments, fueling dilution fears.
Nvidia Holds Near $5 Trillion as China CPU Push and AI Benchmark Stir Investor Interest
Nvidia shares closed near $5 trillion on Friday, as news of potential China orders for its Vera CPU and new AI benchmark results keep the stock in focus.
POET Technologies Surges on AI Photonics Hype Amid Legal and Dilution Risks
POET Technologies shares rose 11% to $12.53 on AI photonics momentum, but investors face legal risks, dilution, and upcoming catalysts including the June 26 annual meeting and June 29 lead-plaintiff deadline.
Nokia Stock Surges on AI Optical Network Growth Prospects
Nokia's ADR rose 5% to $14.80 on JPMorgan's bullish note, highlighting AI-driven optical network demand. Q2 results on July 23 will test if orders translate into revenue.
Intel Rallies on Foundry Hopes, Approaches 52-Week High
Intel shares jumped 6.51% to $124.57 on foundry optimism from a Google TPU order and BofA upgrade, but trade above analyst targets with negative earnings, increasing risk before Q2 results.
IonQ Ends Week at $57.85 as Analysts Eye $100 Target Despite Valuation Concerns
IonQ closed at $57.85, down 0.24%, with a $21.5B market cap. Analysts remain bullish with a $64.69 consensus target, but valuation at 81x revenue and EBITDA losses highlight risks.