Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Sandisk Hits Record High on AI Memory Boom, Soars 14.5%
Sandisk shares jumped 14.5% to a 52-week high of $1,895.00, fueled by a 251% year-over-year revenue surge and strong guidance for Q4 revenue of $7.75-$8.25 billion.
Marvell Technology Surges 11% on S&P 500 Inclusion, CFO Change, AI Growth
Marvell Technology shares soared 11% as the company announced a CFO change, reaffirmed Q2 outlook, and highlighted its upcoming S&P 500 inclusion and booming AI data-center revenue.
Micron Jumps 12% as AI Memory Optimism Returns Ahead of Earnings
Micron Technology soared 11.66% to $995.87, boosting its market cap to $1.14 trillion, as analyst upgrades and AI memory pricing hopes fueled a rebound ahead of June 24 earnings.
Super Micro Shares Surge 9% After $7 Billion AI Server Financing
Super Micro shares rose 9.2% to $31.97 after pricing $7 billion in equity and equity-linked offerings to fund components for about $39 billion in AI server orders, though the company warned these orders are not firm commitments.
Nvidia Stock Surges on $10 Billion AI Infrastructure Venture Backed by KKR
Nvidia (NVDA) jumped 2.2% on news of a $10 billion AI infrastructure deal, reinforcing its central role in the AI buildout.
AMD Rallies on BofA's Bullish AI CPU Outlook and Upcoming Event
AMD shares surged 8% after Bank of America lifted its price target to $560 and raised the 2030 server CPU market forecast to $170B, driven by agentic AI demand. The July Advancing AI event is now a key catalyst.
Applied Materials Surges on AI Chip Boom, Analyst Targets Raised
Applied Materials shares surged 9.6% to $544.50 after analysts raised price targets, citing robust AI chip demand and a new $500 million Singapore facility that doubles cleanroom capacity.
Amazon Secures $17.5B AI Loan, Shares Steady Near $238
Amazon secures $17.5B loan for AI infrastructure, shares steady near $238. Free cash flow plunges to $1.2B from $25.9B, while Q1 net income surges to $30.3B.
Rigetti Computing Rises After Rosenblatt Maintains $40 Target
Rigetti Computing shares rose 1.9% to $19.82 after Rosenblatt reaffirmed its Buy rating and $40 target, with market participants weighing insider transactions, the 108-qubit rollout, and possible $100 million CHIPS Act funding.
Microsoft Underperforms as Nasdaq Rebounds; Xbox Layoffs Loom
Microsoft shares fell 2.8% to $386, lagging a Nasdaq rebound, as investors weighed reports of upcoming Xbox layoffs and ongoing weakness in gaming revenue.