Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Marvell Technology Set to Enter S&P 500, Powered by AI Growth
Marvell Technology surges 11% ahead of its S&P 500 entry on June 22, fueled by a KeyBanc price target increase and a milestone shipment of optical chips for AI data centers.
Bank of America Digital Outage Disrupts Customer Access, Poses Reputational Risk
A Bank of America digital banking outage on Saturday left over 5,000 customers unable to log in, highlighting the risks of heavy digital reliance for the bank's 59 million users.
Broadcom Stock Rebounds Amid AI Chip Debate, Debt Buyback
Broadcom shares rebounded 4.7% to $411.35, recovering from a post-earnings selloff, as the market digests AI chip growth, missed revenue estimates, and a $3 billion debt buyback.
Memory Chip Squeeze Pressures Apple Prices, Goldman Cuts Forecasts
Goldman Sachs cuts 2026-27 smartphone forecasts as memory costs surge. Apple plans price hikes, with Micron's earnings seen as a key test for the chip rally.
Dell Stock Rises in Holiday-Shortened Week, AI Server Demand Drives Momentum
Dell closed at $409.50 on June 18, up ~3.5% from June 12, as investors focus on its booming AI server business after record Q1 results and raised fiscal 2027 outlook.
Palantir Faces European Headwind as France Pushes for Local Tech
Palantir shares closed at $128.47, down 1.65%, as France's DGSI shifts to ChapsVision, threatening European government contracts despite strong U.S. revenue growth.
Seagate Stock Nears 52-Week High on AI Storage Demand Surge
Seagate shares rose nearly 15% in a week to $1,070.23, close to a 52-week high, fueled by AI storage demand and hard disk drive shortages. Analysts raised targets, but the stock now trades above consensus estimates, increasing downside risk.
Coherent Rises on CHIPS Act Funds, Supply Risk Looms
Coherent shares rose 2.8% after receiving up to $50 million in CHIPS Act funding for its Texas facility, while China's indium export checks pose supply risks.
Applied Optoelectronics Slips Amid AI Optics Slowdown and Supply Concerns
Applied Optoelectronics (AAOI) dropped 4.3% to $161.85 in a shortened trading week, pressured by insider-sale filings, a doubled credit line, and management warnings that supply bottlenecks will cap 800G transceiver revenue into mid-2027.
WDC Hits Record on AI Data Demand, HDD Shortage Fuels Rally
Western Digital closed at a record $746.23, up 32.6% for the week, as AI-driven HDD shortages boost investor optimism. Analysts see upside but caution on supply risks.
Amkor, TSMC Arizona Pact Highlights Chip Packaging Push
Amkor Technology shares jumped 4.7% after sealing a 10-year advanced packaging deal with TSMC in Arizona, as investors bet on U.S. supply chain gains.