Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Tempus AI Upsizes Convertible Debt to $400M, Eyes Loan Repayment
Tempus AI priced $400M in 0% convertible senior notes, using proceeds to repay $307.7M in loans. Shares fell 7.6% premarket despite strong Q1 revenue growth.
SoundHound AI Shares Dip 12% Despite Record Revenue, Acquisition Plans Raise Concerns
SoundHound AI reported record Q1 revenue of $44.2M, up 52% YoY, but shares dropped 12% after hours due to a $25M GAAP net loss and the planned $43M acquisition of LivePerson.
IREN Surges as Nvidia Bets $2.1B on AI Cloud Expansion
Nvidia invested up to $2.1 billion in IREN via a share warrant and a $3.4 billion AI cloud contract, sending IREN stock up 9%. The deal underscores the intense demand for GPU compute capacity.
SiTime Soars 28% on AI Data Center Demand, Revenue Nearly Doubles
SiTime shares surged 28% after Q1 revenue jumped 88% to $113.6M, driven by AI data center demand. The company raised its 2026 growth outlook to at least 80%.
Palo Alto Networks Warns of Active Exploitation in PAN-OS Firewall Flaw
Palo Alto Networks reports active exploitation of a critical PAN-OS firewall flaw, CVE-2026-0300, with patches rolling out May 13. CISA adds the bug to its exploited list.
Cloudflare Slashes 20% of Workforce in AI Pivot, Shares Slide
Cloudflare will cut over 1,100 jobs (20% of staff) as it pivots to an AI-first strategy. Shares fell 13% after Q2 revenue guidance missed Wall Street targets.
AMD Stock Retreats After AI-Fueled Rally; Server CPU Strategy Takes Center Stage
AMD shares fell $12.97 to $408.42 Thursday, reversing some of the post-earnings gains. The company's Q1 revenue rose 38% to $10.25B, driven by data-center sales up 57%, and it forecasts Q2 revenue of about $11.2B.
DocuSign Appoints Redis CEO to Board Amid AI Contract Push
DocuSign has named Redis CEO Rowan Trollope to its board, effective May 2, as the company accelerates its shift into AI-driven contract management software. Shares gained 4.1% following the news.
Intuit QuickBooks Workforce Expands into AI-Driven HCM, Shares Jump
Intuit launched QuickBooks Workforce, an AI-driven HCM tool for SMBs, expanding into hiring, onboarding, benefits, and performance management. Shares rose 4.8%.
Qualcomm Jumps 11% on Hyperscaler AI Chip Deal; Valuation Debate Intensifies
Qualcomm shares surged 11% after revealing a leading hyperscaler will receive its custom AI chips, sparking debate over the company's valuation.