Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Nebius Soars 9% on Ambitious $9B Revenue Goal and French Data Center
Nebius shares jumped 9.2% following a new data center plan in France and a significantly higher long-term revenue target, despite a quarterly revenue miss and heavy capital spending.
CoreWeave CEO Sells $7.7M in Shares Ahead of Key AI Earnings
CoreWeave's CEO sold $7.7 million in shares under a prearranged trading plan. The company's stock edged higher as markets prepare for a holiday closure and upcoming earnings from AI leaders.
Shopify Launches $2 Billion Buyback After Post-Earnings Rebound
Shopify shares gained 2% Friday, recovering from post-earnings declines, as TD Cowen and Mizuho upgraded the stock citing AI potential and valuation. The company's $2 billion buyback program starts Tuesday.
IonQ, Rigetti Face Investor Scrutiny Ahead of Quantum Earnings
Morgan Stanley disclosed a reduced stake in IonQ, while TD Cowen downgraded Rigetti to hold, citing valuation and funding concerns. Both quantum computing firms report earnings next week.
Applied Materials Forecast Lifts Chip Sector; Nvidia Retreats Amid AI Volatility
Applied Materials' bullish revenue forecast propelled its shares and lifted peers, though Nvidia and Broadcom fell. The chip sector sees volatility as AI investment optimism meets scrutiny.
Lumentum Shares Slide on Insider Transactions Ahead of Market Reopening
Lumentum Holdings declined 3.6% on Friday following regulatory disclosures of stock sales by senior leadership. U.S. markets reopen Tuesday after the Presidents Day holiday.
Intel's Volatile Week Ends with Neutral Analyst Call Ahead of Holiday
Intel shares edged up 0.6% to $46.79 on Friday, capping a volatile week. DA Davidson started coverage with a Neutral rating and a $45 target, calling Intel's reset one of the hardest in semiconductor history.
Palantir Stock Gains Amid Analyst Upgrade, Burry's Bearish Bet
Palantir shares advanced Friday, recovering from prior losses, as a bullish analyst upgrade contrasted with Michael Burry's bearish position. Markets eye Fed minutes and inflation data next week.
Broadcom Shares Slide as Analyst Flags AI Chip Margin Pressure
Broadcom shares declined 1.8% to $325.17 as D.A. Davidson started coverage with a Neutral rating and $335 target, citing risks from cloud customers internalizing chip work.
Cognizant Shares Rebound After Steep Drop, AI Concerns Linger
Cognizant stock snapped a four-session losing streak Friday, closing up 1.1% at $66.55. The rebound followed a sharp 7.2% decline on Thursday amid heavy trading volume.
Seagate Completes $600M Debt Exchange, Sets Investor Events
Seagate Technology has agreed to a $600 million debt exchange, swapping notes for cash and new equity. The transaction is scheduled to settle around February 17.