Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Palantir CEO Slams AI Lab Billing as Enterprise Clients Grow Wary
Palantir CEO Alex Karp told CNBC that enterprise clients are privately unhappy with AI labs' billing practices, as companies face sticker shock and limited cost savings. Palantir pitches its software and engineers as a solution.
Super Micro Stock Tumbles on $7 Billion Capital Raise Despite $39 Billion in AI Server Orders
Super Micro shares dropped 11% premarket after unveiling a $7 billion financing plan to support $39 billion in AI server orders, which are not firm commitments, sparking dilution and working-capital worries.
Rigetti Computing Stock Drops After Director Files to Sell $2.6 Million in Shares
Rigetti Computing shares dropped 9.55% Tuesday after a director filed to sell $2.6 million in stock, testing the recent rally on a potential $100 million U.S. quantum-computing award.
UiPath Stock Extends Slide as ARR Growth Concerns Persist
UiPath shares continued to decline as investors scrutinize the gap between revenue and ARR growth, with Q2 guidance becoming the focal point for the stock's direction.
IREN Stock Extends Losses as AI Cloud Execution Takes Center Stage
IREN shares dropped 8.73% on Tuesday and fell further premarket Wednesday, as market sentiment weighed on the stock despite bullish analyst calls. Execution on Microsoft and Nvidia AI contracts is key.
Apple Stock Declines as Siri AI Launch Faces Delays and Device Restrictions
Apple shares dropped $11.01 to $290.55 after WWDC as Siri AI's delayed beta and strict device requirements dampen upgrade hopes, with Morgan Stanley flagging over 1.3 billion iPhones excluded.
Micron Faces Critical AI Demand Test Ahead of June 24 Earnings
Micron shares fell 1.5% to $935.89 as the AI-chip rally cooled, yet bullish analyst calls and price targets up to $1,625 keep focus on June 24 earnings to validate its trillion-dollar valuation.
YY Group Surges Premarket After Deploying Humanoid Robots
YY Group (YYGH) shares surged to $0.19 in premarket after announcing the deployment of Unitree G1 humanoid robots for facility management, aiming to monetize operational data.
ASML Slips as Terafab Hype Fades; Focus Shifts to Q2 Earnings
ASML shares fell 0.44% as the Terafab hype wanes, with investors now eyeing the July 15 Q2 report for real demand signals.
Intel Stock Retreats After Google AI Chip Report Sparks Rally
Intel shares slipped 2.1% to $107.92 on Tuesday, reversing some of Monday's 11.2% gain after a report of a Google AI-chip order. The unconfirmed deal could boost Intel's foundry business, but investors remain cautious amid a tech selloff.
D-Wave Quantum Tumbles 9% as Speculative Tech Stocks Retreat Ahead of CPI Data
D-Wave Quantum shares dropped nearly 9% as a broad selloff in speculative tech stocks hit the sector, despite strong Q1 bookings. Revenue fell 81% and the company posted an $18.4 million loss.