Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Snowflake Stock Soars on Upgraded Price Target from Wells Fargo
Snowflake shares jumped 4.9% to $283.73 after Wells Fargo boosted its price target to $500 from $320, citing AI-driven platform spending.
Bloomberg Acquires Canoe Intelligence to Boost Private Markets Data
Bloomberg has agreed to acquire Canoe Intelligence, an AI data processing firm, to enhance its private markets workflow and data capabilities.
SoundHound AI Hits 52-Week Low Despite Healthcare AI Expansion
SoundHound AI dropped 6.4% to $5.84, reaching a new 52-week low, despite MUSC Health expanding its AI agent deployment. The market remains focused on revenue quality and the pending LivePerson merger.
UiPath Rebound Wipes Out OpenAI Selloff; ARR Guidance Looms
UiPath (PATH) shares surged 12.5% over two sessions, erasing losses from OpenAI's launch of Presence. Q2 guidance points to a sequential drop in net-new ARR.
QuantumScape Hits New Low as PowerCo Deal Shifts to Milestone-Based Payments
QuantumScape shares hit a 52-week low of $4.77 as investors reacted to a revised PowerCo deal that shifts to milestone-based payments, raising execution risk.
Teradyne Stock Jumps 14% on AI Testing Demand That Top Estimates
Teradyne shares rose 13.6% in after-hours trading after reporting record revenue and issuing Q3 guidance that beat expectations by 20%.
Salesforce Surges $21 Billion in Value After Landing Major VA Contract
Salesforce shares surged 5.4% to $182.92, boosting market value by $21.4 billion after winning a $1.6 billion VA contract. The deal highlights growing government adoption of its AI and data platforms.
Shopify Stock Jumps 11.5% as Payments Shift Bolsters AI Defensibility
Shopify shares surged 11.5% Monday as RBC Capital Markets placed it among top software firms for AI defensibility, driven by a payments shift that accounted for 84% of merchant-solutions growth in Q1.
D-Wave Quantum Soars 20% on AT&T Deal, Adding $1.2 Billion in Market Value
D-Wave Quantum shares jumped 20.4% on Monday following an expanded partnership with AT&T, adding $1.21 billion to its market cap.
QuantumScape Recovers $180M After Steep Weekly Drop, But 70% Loss Lingers
QuantumScape recouped $180 million on Monday, but 70% of last week's $600 million loss remains. PowerCo's reduced payment cap and execution risks weigh on the stock.
