Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Apple's Foldable iPhone Output Hits Snag Ahead of Sept. 9 Event
Apple's foldable iPhone output is reportedly only a few hundred units a day, raising supply worries ahead of the Sept. 9 event. Shares fell 2.51% on Friday.
ASML Jumps $26.5B as Memory Optimism Lifts Semiconductor Sector
ASML shares climbed 4.17% on Friday, adding roughly $26.5 billion to market value, after bullish analyst notes on memory-chip makers Micron and Sandisk fueled optimism about AI-driven demand for lithography tools.
TSMC ADR Climbs 2.9% as Fab Expansion Struggles to Keep Pace with AI Boom
TSMC's massive fab buildout still can't match AI demand, says exec. ADR up 2.9% as investors weigh capacity constraints and 2027-28 ramp timelines.
Nvidia's $12.93B Hugging Face Deal: Market's Muted Response Explained
Nvidia's $12.93B acquisition of Hugging Face barely moved its stock, up 1.37%. The deal's strategic value lies in developer insights, but financials remain undisclosed.
Apple's iPhone 18 Price Hike: Can Revenue Survive a 9% Drop in Sales?
Apple's iPhone 18 may see a 10-20% price surge, potentially offsetting a 9% unit drop. Shares remain steady as investors digest the impact.
Tesla Surges $76B on Cybercab Debut Amid Autopilot Probes
Tesla shares soared 5.42% to $376.365, boosting market value by $76B, as Cybercabs launched in Austin. Autopilot crash reports surface, but investors bet on robotaxi growth.
Microsoft Stock Climbs 3% as $41B Capex Raises Cash Flow Questions
Microsoft shares gained 3% as investors weighed strong Azure growth against $41B in quarterly capital spending that exceeded free cash flow.
Nvidia Soars on $12.93B Hugging Face Deal, Signals AI Strategy Shift
Nvidia (NVDA) shares gained 1.4% after announcing a $12.93 billion acquisition of Hugging Face, valuing the AI startup at 86 times annualized revenue.
Intel's Foundry Growth Veiled by Internal Sales, Valuation Scrutinized
Intel's foundry business still relies on internal customers for 95% of revenue, raising concerns about its $454B valuation. External sales were only $293M in Q2.
Wayve Launches Paid Robotaxi Service in London with 15 Cars
Wayve kicked off paid autonomous rides in London with just 15 vehicles, testing its $8.6B valuation. The limited fleet faces a huge demand gap with 100,000 interested customers.
SpaceX Shares Dip 1.9% as AI Spending Weighs on $1.84T Valuation
SpaceX stock slipped 1.9% on Wednesday as investors weighed heavy AI-related capital spending against a $1.84 trillion market valuation, even as Q2 revenue surged 91.9%.