Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Apple Raises Mac, iPad Prices Amid Memory Cost Surge, iPhone Untouched
Apple raised Mac and iPad prices worldwide as memory costs soared, leaving iPhone prices unchanged. Shares dropped 6.15% then rebounded 2.5%, with investors eyeing margin impacts and future iPhone pricing.
Tech Funds See $41B Swing as AI Profitability Doubts Surface
Technology funds saw nearly $20 billion in outflows in the week ending June 24, reversing $21.46 billion in inflows the prior week, as chip stocks plunged and AI profitability concerns grew.
Freshworks Shares Surge on AI Growth and Buyback Momentum
Freshworks (NASDAQ: FRSH) surged 5.1% to $9.64 on heavy volume, as CEO Dennis Woodside outlined AI customer growth and a path to GAAP profitability by H2 2026.
UiPath Shares Rise Amid Index Rebalancing, ARR Growth Concerns
UiPath climbed 4.7% to $10.40 on heavy trading from Russell index rebalancing, yet Q2 net new ARR guidance of $30 million suggests a slowdown from Q1's $49 million, with 32% short interest amplifying risk.
Microsoft's Russell Index Shift Tests Value-Growth Dynamics Amid June Selloff
Microsoft fell 3.46% to a 52-week low ahead of the $150 billion Russell index reconstitution, which places the stock in both value and growth categories. EU regulations, Italian antitrust probe, and rising memory costs add pressure.
Apple Loses $263 Billion in Market Cap as Memory Costs Bite
Apple shares plunged 6.12%, wiping out $263 billion in market cap, as the company raised Mac and iPad prices amid soaring memory costs, sparking fears over iPhone pricing.
Qualcomm Stock Surges $16 Billion on Upbeat Data Center Revenue Forecast
Qualcomm shares jumped 7.6% to $212.34, adding $16 billion in market value after raising its fiscal 2029 data center revenue target to over $15 billion. The stock later gave back much of its early gains.
Apple Raises Mac, iPad Prices Amid DRAM Cost Surge, iPhone Unchanged
Apple raised Mac and iPad prices by $100-$300 due to soaring memory costs, while iPhone prices stayed unchanged. Shares fell 4.8% as investors weighed margin pressure from rising DRAM prices.
Corning Stock Gains Despite Flat Dividend as AI Fiber Demand Fuels Growth Bets
Corning shares jumped 6.1% to $205.83, driven by AI fiber demand, as the company held its dividend flat at $0.28 per share, yielding only 0.54%.