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Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.

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Apple Faces Downgrade as Jefferies Flags iPhone Margin Risks
Technology Sarah Chen

Apple Faces Downgrade as Jefferies Flags iPhone Margin Risks

Jefferies downgraded Apple to Underperform, cutting its price target to $263.66, citing iPhone margin concerns despite a strong Q3. The stock fell 1.5%.

AAPL JEF KEY UBS HSBC MS
Meta Stock Slips as Muse Hype Meets $145B Spending Reality
Technology Sarah Chen

Meta Stock Slips as Muse Hype Meets $145B Spending Reality

Meta shares faded after the Muse Glimmer launch, with investors questioning whether AI offerings justify the company's massive $145B capital spending plan.

META
Premium Smartphone Sales Hit Record as Apple and Samsung Dominate
Technology Sarah Chen

Premium Smartphone Sales Hit Record as Apple and Samsung Dominate

Premium phones priced above $600 reached a record 29% of global unit sales in H1 2026, with Apple and Samsung controlling 84% of the segment, according to Counterpoint.

AAPL SSNLF
Nvidia's Market Value Soars $562B on SpaceX AI Deal
Technology Sarah Chen

Nvidia's Market Value Soars $562B on SpaceX AI Deal

Nvidia's market cap jumped $562 billion after SpaceX picked it as its sole AI provider. Shares rose 11.6% to $223.96, with Q2 earnings due Aug 26.

NVDA AMD AMAT
Tesla's $16.8B Terafab Bet Raises Capital Allocation Questions
Technology Sarah Chen

Tesla's $16.8B Terafab Bet Raises Capital Allocation Questions

Tesla stock gained 3.5% after announcing a $16.8 billion Terafab project with SpaceX, raising concerns about capital allocation as the cost equals 38.6% of its cash reserves.

TSLA QQQ GM F RIVN INTC
POET Technologies Surges on Strong Balance Sheet, But Revenue Remains Key Test
Technology Sarah Chen

POET Technologies Surges on Strong Balance Sheet, But Revenue Remains Key Test

POET Technologies shares rose 7% premarket after a cash boost. With a strong balance sheet, the focus shifts to converting orders into revenue.

POET AAOI LITE COHR
Microsoft Expands Hyderabad Azure Hub with $20.5B India Investment
Technology Sarah Chen

Microsoft Expands Hyderabad Azure Hub with $20.5B India Investment

Microsoft inaugurated its biggest cloud region in India, located in Hyderabad, backed by a $20.5 billion commitment. The move expands Azure's local footprint and aims to capture growing demand from regulated industries.

MSFT AMZN GOOGL
Intel Dips Below $100 Despite 38% Jump in 2026 EPS Forecasts
Technology Sarah Chen

Intel Dips Below $100 Despite 38% Jump in 2026 EPS Forecasts

Intel shares fell 1.17% to $99.88 premarket, even as 2026 EPS forecasts surged 38% to $1.49. Analysts remain cautious with 31 Holds.

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Netlist Surges 46% on Samsung Deal, Settling IP Disputes
Technology Sarah Chen

Netlist Surges 46% on Samsung Deal, Settling IP Disputes

Netlist (NLST) shares surged 46% after a five-year Samsung agreement, including a $239M upfront payment, licensing its patent portfolio and settling disputes.

SSNLF
Alphabet's AI Reorg Wipes Out $175B in Market Value
Technology Sarah Chen

Alphabet's AI Reorg Wipes Out $175B in Market Value

Alphabet's stock plunged nearly 4% after a sweeping AI leadership reshuffle, wiping out roughly $175 billion in market value. Demis Hassabis becomes chief scientist, while Koray Kavukcuoglu takes over DeepMind.

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IREN Closes Mirantis Buy at $555M, Below Initial $625M Deal
Technology Sarah Chen

IREN Closes Mirantis Buy at $555M, Below Initial $625M Deal

IREN finalized its Mirantis acquisition at a market value of about $555 million, 11.2% below the initial $625 million agreement, as share price declines reduced the equity component.

IREN APLD NBIS NVDA BAC
CoreWeave Jumps 9% on Indonesia AI Data Center Push
Technology Sarah Chen

CoreWeave Jumps 9% on Indonesia AI Data Center Push

CoreWeave (CRWV) shares climbed 9% after unveiling plans for three data centers in Indonesia, boosting contracted capacity by roughly 10%. Piper Sandler initiated coverage with an Overweight rating and a $151 price target.

CRWV NBIS PIPR