Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Joby Aviation Shares Slide 24% Below January Stock Offering Price
Joby Aviation shares slid 2.2% to $8.64, trading well below its January stock offering price and convertible note conversion price, as the company burns cash amid eVTOL development.
Maruti Suzuki Taps Battery Recycler, AI Startups for Strategic Edge
Maruti Suzuki picks five startups, including battery recycler MiniMines and four AI firms, to enhance EV strategy and efficiency. Stock closed 2.42% lower on NSE.
Applied Materials Surges 11.7% as Analyst Targets Climb Above Street Average
Applied Materials (AMAT) soared 11.7% to $699.97, far outpacing semiconductor ETFs, as analysts raised targets and the company launched new AI chip tools. The stock now trades above its average analyst target.
NASA's $30M Swift Rescue Mission Could Pave Way for Satellite Servicing
NASA's $30 million contract with Katalyst Space aims to boost the Swift satellite, testing a scalable rescue model that could save billions in replacement costs.
IonQ Stock Drops 15% but Quantum Valuation Premium Remains
IonQ shares dropped 15.45% over five sessions, but with a market cap of $18.3 billion and trading at 69 times 2026 revenue, the quantum premium persists.
Amazon Stock Rises on Prime Day Data, AWS Price Hike in Focus
Amazon shares gained 2.5% Friday on heavy volume, but the stock is still down 4.8% from June 18. Prime Day sales rose 9.3% to $26.4B, while AWS will raise AI compute prices by 20% in July.
