Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
CoreWeave Jumps 9% on Indonesia AI Data Center Push
CoreWeave (CRWV) shares climbed 9% after unveiling plans for three data centers in Indonesia, boosting contracted capacity by roughly 10%. Piper Sandler initiated coverage with an Overweight rating and a $151 price target.
Intel Stock Rises 0.9% to $91 as AI Server Growth Offsets Foundry Losses
Intel shares rose 0.9% to $91.00, lagging the Nasdaq's 2.1% gain, as strong AI server growth was offset by persistent foundry losses and minimal external revenue.
Alphabet's AI Chip Financing Edge Narrows Cost Gap by 220 Basis Points
Alphabet's $43.8 billion credit backstop enables Google-backed data centers to borrow at 7.1% vs. 9.3% for Nvidia-based projects, a 220-basis-point edge. GOOGL shares up 4.9%.
Alibaba Stock Surges 7% as Qwen AI Model Drives Investor Optimism
Alibaba's stock climbed 7% as the company's Qwen AI model, with a smaller active parameter set, draws attention to its potential for lower inference costs.
Faraday Future Soars 20% on Robot Sales Record, But 2,000-Unit Target Looms
Faraday Future (FFAI) shares surged nearly 20% premarket after its robotics unit reported record July sales. Yet achieving the 2,000-unit annual target demands doubling monthly shipments, raising questions about cash burn and dilution.
Focus Universal Stock Rockets 651% on AI Debut, But Skeptics Abound
Focus Universal (FCUV) soared 651% after unveiling an AI document platform, but the move is driven by speculation rather than fundamentals, with no revenue details disclosed.
Arm Holdings Soars as AI Chip Shipments Quadruple
Arm Holdings shares surged 7.1% as AI core shipments quadrupled, with revenue hitting $1.289 billion and adjusted EPS of $0.45.