Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
SWIFT's Blockchain Pilot Launches with 17 Banks, but Adoption Remains Limited
SWIFT has launched its blockchain ledger with 17 banks for 24/7 cross-border transfers using tokenized deposits, but the pilot represents only 0.15% of its network.
SK Hynix Raises $26.5B in Oversubscribed Offering, Memory Chip Sector Heats Up
SK Hynix raised $26.5 billion in a heavily oversubscribed ADR offering, highlighting robust demand for AI memory chips. The memory sector is now in focus as Micron increases U.S. investment and ASML/TSMC report earnings.
Microsoft Stock Flat Amid Emissions Surge from AI Data Centers
Microsoft shares were nearly unchanged Friday after an environmental report revealed a 25% jump in emissions from AI data centers. The stock now trails the broader market ahead of earnings.
Polibeli Soars 26% on AI Data Center Ambitions
Polibeli Group (PLBL) shares jumped 26.48% on Friday, adding $623 million to its market cap, after signing a non-binding MOU for a potential AI data center.
Cognex Rises 1.6% Amid Heavy Valuation Concerns
Cognex rose 1.6% Friday, but heavy valuation and Q2 guidance uncertainty persist. The stock trades at 10.6x sales, far above peers.
AMD Stock Climbs as Analyst Debate Shifts from AI Hype to Execution
AMD shares gained 1.3% to $553.71, outperforming the PHLX index but lagging Nvidia. Analysts are split on upside, with Stifel raising its target to $635 while the average target remains below the current price.
UiPath Stock Reverses as Buyback Plan Weighs on Shares
UiPath shares reversed a 3.5% morning gain after the buyback program's size and impact on EPS came into focus. The stock traded flat near $11.81.
Meta's AI Cloud Revenue Potential Soars with Minimal Capacity Usage
Meta Platforms (META) debuted its public AI model API for developers, with CEO Mark Zuckerberg highlighting robust external demand. A 200MW slice of capacity could yield over $10B annually.
