Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Gaxos.ai Surges on Defense Unit's Navy Counter-Drone License
Gaxos.ai shares surged 42% in premarket trading Friday after America First Defense, in which Gaxos is acquiring a 19.99% stake, received a Navy license for its electronic counter-drone system.
Salesforce Executives Address Internal Tensions Amid AI Transition
Salesforce executives addressed employee concerns following CEO Marc Benioff's controversial comments, as the company balances internal culture issues with its aggressive AI transformation. Shares gained 4.3% despite broader market weakness.
Robinhood Unveils $695 Platinum Card in Premium Finance Push
Robinhood Markets has introduced a premium Platinum credit card with a $695 annual fee, targeting high-income clients. The move is part of a broader strategy to become a family financial superapp.
Pentagon's AI Model Ban Forces Palantir to Overhaul Key Defense Software
The Pentagon has ordered defense contractors to sever ties with AI firm Anthropic, forcing Palantir to rebuild its Maven Smart Systems software, which currently relies on Anthropic's Claude model. The directive, citing supply chain risks, could affect contracts valued above $1 billion.
Apple Launches $599 MacBook Neo, Targets Budget Laptop Segment
Apple has introduced the $599 MacBook Neo, featuring the A18 Pro chip and 8GB unified memory, with shipments starting March 11. The company also refreshed its MacBook Air and Pro lines with new M5-series processors.
Nvidia Reallocates TSMC Production from China-Bound H200 to Vera Rubin AI Chips
Nvidia has stopped manufacturing its H200 AI processors for the Chinese market and redirected that TSMC production capacity toward its upcoming Vera Rubin chips, according to a Financial Times report. The move follows ongoing U.S. export restrictions blocking H200 shipments to China.
Amphenol Stock Rallies 3% Amid Market Volatility
Amphenol Corporation (APH) shares climbed roughly 3% on Thursday, recovering from recent swings. Trading volume was elevated as the market anticipates the company's upcoming quarterly results.
Credo Stock Rebounds on Broadcom's Copper Endorsement for AI Data Centers
Credo Technology Group Holding's stock climbed 9% to $111.94 Thursday, recovering from a 14.8% drop earlier in the week. The rebound followed Broadcom's endorsement of copper-based connections for AI data center racks.
Expedia, Booking Stocks Rally as OpenAI Retreats from ChatGPT Checkout Ambitions
Expedia Group shares jumped 11% Thursday following a report that OpenAI is scaling back its direct checkout plans for ChatGPT, reducing concerns that AI could bypass online travel agencies. Booking Holdings also rose 8% on the news.
GE Vernova Secures Major Italian Wind Contract, Expands Grid Component Plant
GE Vernova has secured a contract to supply 17 onshore wind turbines for a project in southern Italy, with deliveries starting in 2027. Concurrently, the company is investing $30 million to expand its electrification component plant near Milan.
IREN Shares Slide on $6B Equity Offering and Major Nvidia GPU Purchase
IREN shares declined approximately 11% following the announcement of a $6 billion at-the-market equity offering and agreements to acquire over 50,000 Nvidia B300 GPUs.
Coherent Unveils 224Gbps Chip for AI Data Centers Ahead of OFC
Coherent Corp has introduced a high-speed 224Gbps quad-channel transimpedance amplifier designed for next-generation 800G and 1.6T optical transceivers in AI data centers. The company also debuted a new test instrument and will join the Bloomberg 500 index on March 12, following a $2 billion strategic investment from Nvidia.