Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Grab Debuts Autonomous Ride Service in Singapore Amid Strategic Pivot
Grab Holdings has initiated Singapore's first public autonomous vehicle ride service in Punggol, partnering with WeRide. The move aligns with Grab's strategic focus on automation and AI to improve profitability.
Micron Retires $4.5B in Debt to Fund AI Memory Expansion
Micron Technology accepted tenders for approximately $4.46 billion of its outstanding debt. The move follows the company's decision to significantly increase capital expenditures to expand production of high-bandwidth memory for artificial intelligence systems.
Nu Holdings Appoints Ex-Amazon Exec to Board Amid U.S. Banking Push
Nu Holdings Ltd has named former Amazon and Apple executive Diego Piacentini to its board of directors. The move comes as the Brazilian fintech giant advances its U.S. expansion plans following conditional regulatory approval earlier this year.
Nio Q1 Deliveries Surpass Target, Firefly Gains Momentum
Nio's first-quarter deliveries reached 83,465 vehicles, slightly above its forecast, driven by a 136% year-on-year surge in March. The company's Firefly brand posted strong monthly results and is targeting international expansion.
Snap Jumps on Activist Pressure for AI Focus, Cost Cuts, and Specs Review
Snap shares climbed sharply after activist investor Irenic Capital disclosed a stake and urged the company to sharpen its AI focus, cut costs, and reconsider its Specs division. The company recently returned to profitability but issued soft Q1 guidance.
Nvidia Invests $2 Billion in Marvell to Bolster Custom AI Chip Strategy
Nvidia has committed $2 billion to Marvell Technology, deepening a collaboration focused on custom AI processors and advanced networking. The move comes amid soaring industry investment in artificial intelligence infrastructure.
TikTok Seeks Brazil Fintech Entry, Challenging Nubank's Dominance
TikTok is moving into Brazil's financial services sector, applying for licenses to offer payments and credit. This development introduces a significant new competitor for Nu Holdings' Nubank, which currently dominates the digital banking space in the region.
NIO Launches Costa Rica Showroom, Accelerating Americas Expansion
NIO has inaugurated its first retail location in the Americas in Costa Rica, introducing its NIO, ONVO, and Firefly brands. The move follows a quarter of surging deliveries and revenue.
Snap Shares Surge on Activist Investor's Strategic Demands
Snap shares jumped 12% to $4.50 after activist investor Irenic Capital revealed a 2.5% economic interest and called for a business overhaul. The investor pressed for a review of the AR glasses unit, deeper cost reductions, and governance changes.
Rocket Lab Gains German Nod for Mynaric Takeover, Shares Rally
Rocket Lab received German regulatory clearance to acquire Mynaric in a $75 million deal, sending its shares up 6.7%. The acquisition establishes Rocket Lab's first European base in Munich.
Nvidia Invests $2 Billion in Marvell to Expand AI Networking Partnership
Nvidia has committed $2 billion to Marvell Technology, deepening their partnership in custom AI chips and high-speed networking. Marvell projects fiscal 2027 revenue near $11 billion following record 2026 sales.