Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Aurora Innovation's $10B Valuation Faces Reality Check as Driverless Truck Rollout Advances
Aurora Innovation shares declined 2.6% to $4.12, valuing the autonomous trucking company at nearly $10 billion despite generating only $3 million in 2025 revenue. The firm aims to deploy over 200 driverless trucks by year-end while navigating a $238 million quarterly operating loss.
Paycom Shares Drop 5% Amid Sector Selloff, Growth Concerns Persist
Paycom Software shares declined 4.85% to $117.06 on Friday, underperforming the broader market. The selloff follows last month's disappointing 2026 revenue outlook and reflects ongoing concerns about growth in the competitive HR software sector.
Twilio Stock Drops Amid Tech Rout Despite Strong Market Position
Twilio shares declined nearly 5% on Friday, underperforming the Nasdaq's 2.15% drop, despite reporting strong quarterly growth and expanding its North American carrier network. The communications platform market expanded 4.2% last year.
Nokia Shares Slide on Santander Downgrade as AI Hype Meets Reality Check
Nokia shares dropped sharply following a Santander downgrade to Underperform, casting doubt on the AI-fueled rally that followed Nvidia's strategic investment. Investors now await concrete evidence of AI network gains in upcoming financial results.
Intel Stock Dips Amid Nasdaq Correction Despite New Chip Launch
Intel stock declined 1.2% to $43.58 in early Friday trading following the launch of its latest Core Ultra Series 3 processors. The release came as the Nasdaq entered correction territory and concerns over server CPU shortages in China continued.
Nvidia Slips Amid Rising Competition and Regulatory Pressure
Nvidia shares declined over 4% Thursday, pressured by competitive threats from Huawei's new chip and potential U.S. export restrictions. The Nasdaq entered correction territory, down 10.7% from its October peak.
Alphabet Shares Slide as Investors Question Massive AI Spending Plan
Alphabet shares declined over 3% Thursday, extending a 15% retreat from February peaks, as investors expressed concern over the company's ambitious plan to increase capital spending to $185 billion by 2026.
Meta's AI Spending Spree Clashes with Job Cuts, Stock Drops
Meta Platforms is cutting hundreds of jobs while aggressively investing in AI infrastructure, with 2026 capital expenditures projected between $115 billion and $135 billion. The company's stock fell roughly 6.4% on Thursday, reducing its market valuation to approximately $1.84 trillion.
HPE Holds Gains After Analyst Target Hike, AI Backlog Tops $5B
Hewlett Packard Enterprise shares consolidated near weekly highs following a price target increase from Evercore ISI to $30. The firm highlighted robust CPU-driven server demand and a growing AI backlog exceeding $5 billion.
Micron Shares Slide on AI Memory Efficiency Fears, Rival Expansion
Micron Technology shares dropped 4.2% to $366.23 amid concerns over Google's new AI memory efficiency tool and competitor expansion. The decline follows Micron's record quarterly results and a planned $5 billion increase in 2026 capital spending.
Nokia Gains as Jefferies Boosts Target, SEB Cautions Ahead of Q1
Nokia shares advanced in Helsinki trading after Jefferies raised its price target, citing robust optical networking momentum. SEB, however, downgraded the stock to Hold, highlighting valuation concerns following a strong year-to-date rally.