Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Spotify Shares Climb on Audiobook Charts Launch, Analyst Upgrade
Spotify shares rose 3.9% to $514.94 Friday, buoyed by new audiobook features and an analyst upgrade citing margin improvement. The stock slightly retreated in after-hours trading.
Lam Research Shares Slip as Chip Rally Falters Amid Oil Price Surge
Lam Research shares declined over 2% Friday, extending losses as the chip sector cooled. A spike in oil prices following Middle East strikes has heightened inflation worries, pressuring growth stocks.
Intel Closes Week Higher as ASML Milestone and Macro Data Loom
Intel shares gained 3.4% this week, finishing Friday at $45.61. Focus shifts to ASML's production milestone for next-gen tools and key macroeconomic data due next week.
CoreWeave Plunges on Aggressive $35B Capex Plan, Margins in Focus
CoreWeave stock dropped sharply following its announcement of a massive $30 to $35 billion capital expenditure plan for 2026, more than double last year's spending. The AI cloud infrastructure firm also reported a Q4 net loss of $452 million on $1.57B revenue.
Lumentum CFO Files to Sell $3.66M in Shares Ahead of Key Investor Events
Lumentum Holdings Inc. CFO Wajid Ali has filed to sell 5,302 shares, a transaction valued at roughly $3.66 million. The stock closed Friday at $700.91, up 3.5%, with key investor presentations scheduled for early March.
Meta Shares Slip on Reported Google AI Chip Deal, Market Eyes Spending
Meta Platforms shares fell Friday and extended losses after-hours following a report of a major AI chip rental deal with Google. Investors are weighing the implications for capital spending ahead of key events this week.
Nvidia Faces Pressure After 4% Drop, Eyes on GTC and OpenAI Funding
Nvidia stock declined 4.2% to $177.19 as investors weighed OpenAI's massive funding round and potential new AI chip announcements at next month's GTC conference.
Amazon Commits $50 Billion to OpenAI in Major AI Cloud Alliance
Amazon has unveiled a $50 billion investment and expanded partnership with OpenAI, positioning AWS as the exclusive third-party cloud provider for OpenAI's new enterprise platform. The deal deepens Amazon's strategic push into generative AI infrastructure.
Tesla Adjusts Cybertruck Pricing Ahead of Key Trading Week
Tesla has raised the starting price of its Cybertruck to $69,990, according to a weekend website update. The stock closed Friday at $402.51, down 1.49%, amid broader market weakness and notable insider activity.
AST SpaceMobile Shares Slide as European Satellite Service Launches
AST SpaceMobile shares declined sharply Friday, closing at $79.19, as Vodafone's European satellite venture commenced operations. Market focus shifts to the company's March 2 business update for launch timing details.