Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Micron's India Chip Plant Launch Imminent Amid Market Holiday
Micron Technology is set to commence operations at its new semiconductor assembly and testing facility in Gujarat, India, before month-end. The $2.75 billion project comes online as U.S. markets observe a holiday.
Tesla Stock Holds Near $417 Amid Holiday Pause; Software Shift in Focus
Tesla stock edged up slightly to $417.44 on Friday before U.S. markets closed for Presidents Day. The company is shifting its Full Self-Driving sales to a subscription model and recently reported its first annual revenue decline.
HSBC Upgrade Lifts CrowdStrike Ahead of Key Earnings Report
CrowdStrike shares climbed 4.4% to $429.64 Friday following an HSBC upgrade to 'buy' with a $446 price target. The cybersecurity firm reports earnings March 3 during a holiday-shortened trading week.
Uber Targets $1B European Delivery Expansion Amid CFO Transition
Uber Technologies is expanding its Uber Eats service to seven additional European countries, aiming for $1 billion in extra gross bookings over three years. The move comes as the company prepares for a CFO transition and awaits approval for a Türkiye delivery acquisition.
Qualcomm Gains Ahead of Holiday, Memory Shortage Weighs on Outlook
Qualcomm shares advanced 1.6% Friday, closing at $140.70 with 13.1 million shares traded. Markets are closed Monday for Presidents Day, with focus on persistent memory-chip shortages impacting smartphone chipmakers.
Shopify Initiates $2 Billion Share Buyback Amid Growth and Margin Focus
Shopify launches a $2 billion share repurchase program starting February 17, with no set expiration date. The move follows a quarter of 31% revenue growth but comes alongside guidance for reduced free cash flow margins.
Nebius Shares Surge 9% on $16-$20B 2026 Capital Plan, Q4 Revenue Miss
Nebius shares rose 9.3% Friday as the AI cloud company detailed an ambitious $16-$20 billion capital spending plan for 2026, while reporting a Q4 revenue shortfall and net loss.
CoreWeave CEO Executes Major Share Sale Amid Legal Deadline and Earnings Anticipation
CoreWeave's CEO sold a significant block of shares ahead of a March 13 legal deadline and the company's upcoming Q4 earnings report on February 26.
Lam Research Gains as Chip Equipment Sector Rallies on Applied Materials Outlook
Lam Research shares advanced Friday, mirroring a sector-wide rally after Applied Materials issued an upbeat outlook. Markets are closed Monday for Presidents Day, shifting focus to upcoming economic data.
Zoho Founder Warns of Big Tech Sovereignty as Alphabet's $32B Bond Sale Fuels Debate
Zoho co-founder Sridhar Vembu reignited warnings about Big Tech's sovereign-like power following Alphabet's massive $31.5 billion bond issuance, drawing parallels to historical colonial trading companies.
ServiceNow Gains on Inflation Data, Insider Moves and Leadership Shift in Focus
ServiceNow shares climbed 3.6% to $107.08 Friday, buoyed by a softer U.S. inflation report. Investors are monitoring insider transactions, a leadership transition, and the company's financial targets.