Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Apple's Foldable iPhone Launch to Be Limited, High-Priced
Apple's foldable iPhone is set for a limited Q3 launch with 0.5M-1M units, priced at $2,300-$2,500, far below iPhone 18 Pro volumes. The scarcity strategy mirrors the iPhone X debut.
Microsoft Stock Slips on AI Spending Fears Despite Job Cuts
Microsoft shares dipped 0.9% as AI spending concerns outweighed news of 4,800 layoffs. Wolfe Research lowered its price target to $525.
Credo Technology Surges on AI Cable Demand, but Customer Concentration Looms
Credo Technology shares jumped 9.8% to $265.55, topping the SOX rally, driven by strong AI cable demand. Yet, with the stock near analyst targets, risks from customer concentration loom.
Joby Aviation Soars on Toyota Joint Venture Details
Joby Aviation shares jumped 9.2% after disclosing the terms of its manufacturing joint venture with Toyota, which includes a 51% stake for Toyota and $2 million in initial capital.
Palantir's $5.6B Market Cap Gain Exceeds 2026 Cash Flow Forecast
Palantir's early Monday gain of $5.6 billion in market value exceeded the midpoint of its 2026 adjusted free cash flow target, highlighting stretched valuations.
Oracle Stock Rebounds as AI Order Backlog Surpasses Market Cap
Oracle shares bounce 2.6% premarket after a 24% nine-day slide. The $638 billion AI backlog now exceeds the $408.5 billion market cap, but negative free cash flow and heavy spending raise concerns.
Sandisk recovers $13.8B in premarket but remains $28.8B below peak after selloff
Sandisk (SNDK) gained 5.33% in premarket trading Monday, recovering $13.8B in value, but shares remain $28.8B below the July 2 close after a 14.13% drop erased $42.5B.