Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Astera Labs Shares Tumble 21% on Amazon Warrant Deal, Raising Margin Concerns
Astera Labs stock plummeted over 21% in after-hours trading after disclosing a warrant agreement with Amazon, which analysts say will pressure gross margins. The chip connectivity firm also announced a CFO transition.
Micron Soars on Early HBM4 Shipments, Analysts Boost Targets
Micron Technology shares surged nearly 10% after the CFO confirmed shipments of next-generation HBM4 memory have begun, with analysts raising price targets citing AI demand and tight supply.
IBM Shares Tumble 6.5% Amid AI Disruption Fears and Rate Cut Uncertainty
IBM stock experienced its largest single-day decline on the Dow Jones Industrial Average, dropping 6.5% as software stocks faced pressure from AI automation concerns and shifting Federal Reserve expectations.
Salesforce Shares Drop on AI Deal and Layoff Concerns
Salesforce stock fell 4.4% in after-hours trading amid reports of workforce reductions and questions about AI investment returns. The company confirmed its acquisition of AI startup Cimulate.
Tesla Slips on China WeChat Integration Amid Broader Market Jitters
Tesla shares declined 0.5% as Tencent Cloud announced a partnership to bring WeChat features to its vehicles in China. The move comes against a backdrop of weak Chinese auto sales and anticipation of U.S. inflation data.
Flex Shares Gain Amid AI Data Center Rally, Investor Day in Focus
Flex Ltd. shares advanced as AI and semiconductor stocks rallied. Investors await the company's May 13 Investor Day for updates on its data center power and cooling business growth.
Apple Shares Gain on Analyst Optimism, Regulatory Developments
Apple's stock advanced nearly 2% Wednesday, approaching a $4.05 trillion valuation, following a Bernstein price target increase and UK regulatory progress. Investors await key inflation data.
Alphabet Shares Decline Amid Regulatory Scrutiny and AI Investment Concerns
Alphabet's Class C shares fell over 2% as the EU approved its Wiz acquisition but faced new antitrust complaints, while a $20 billion bond sale highlighted AI spending pressures.
Amazon Shares Retreat as Investors Assess AI Capex and Healthcare Expansion
Amazon stock declined 0.7% Wednesday as markets weighed the company's substantial AI investment plans and a major pharmacy delivery expansion.
Nationwide Pioneers Fully Digital Mortgage Signing in UK Market
Nationwide Building Society has launched the UK's first fully digital mortgage signing process, eliminating the need for physical witnesses. The move aims to accelerate property transactions amid industry-wide delays.
Tesla Shares Edge Lower Amid Leadership Shift and China Tech Partnership
Tesla stock dipped 0.2% in premarket trading following a management reshuffle and a new collaboration with Tencent for WeChat integration in Chinese vehicles. The company also faces labor tensions at its German plant.