Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
ServiceNow Slides as AI Software Rally Faces Fresh Doubts
ServiceNow shares dropped nearly 6% as software stocks broadly declined, challenging the sector's AI-fueled rebound. Despite strong Q1 earnings and bullish analyst calls, concerns over valuation and deal delays persist.
Aurora Innovation Shares Drop 11% as Driverless Truck Rollout Faces Revenue Scrutiny
Aurora Innovation shares slid 11% as investors weigh the pace of its driverless truck rollout against revenue expectations, despite an 80% year-to-date gain.
Rivian Stock Gains 2.7% on AT&T 5G Deal for R2 SUV Ahead of June 9 Orders
Rivian shares gained 2.7% after AT&T announced 5G connectivity for the upcoming R2 SUV, which opens for orders June 9 at $57,990 with a 330-mile range, positioning it against Tesla's Model Y.
Navitas Surges on Nvidia AI Ecosystem Tie-Up; Dilution Concerns Loom
Navitas shares surged 21% on news of a partnership with Nvidia's MGX AI Factory, but dilution and revenue uncertainties remain key concerns.
BigBear.ai Shares Slip 6% as Panama Deal Fails to Offset Weak Q1 Results
BigBear.ai shares dropped 6% as a new Panama cargo-security contract failed to calm investor concerns over flat Q1 revenue, heavy losses, and dilution.
D-Wave Quantum Shares Dip as Gate-Model Roadmap Unveiled Amid Dilution Concerns
D-Wave Quantum shares slipped 1.37% premarket to $29.50 after announcing a gate-model quantum roadmap targeting 100 logical qubits by 2032, while investors assess dilution risks and revenue challenges.
Micron Hits $1,064 as AI Memory Boom Outpaces Supply, Analysts Eye Risks
Micron shares crossed $1,000 as AI memory demand tightens supply, with Raymond James boosting its target to $1,100. However, analysts flag risks from competitor expansion and weaker AI orders.
Xos Shares Skyrocket 219% on AI Data Center Power Hub Launch
Xos shares jumped 219% premarket to $7.12 after unveiling a 2.5MWh Power Hub for data centers, tapping into the AI power demand surge. However, the company's latest 10-Q warns of going-concern risk with only $9.8M cash.
IREN Surges on $3.65B GPU Deal and 800MW Australian Data Center
IREN shares climbed to $66.60 premarket on news of an 800 MW Australian data-center plan and a $3.65 billion GPU financing deal for its Microsoft contract. Canaccord raised its target to $79.
Legend Biotech Surges 42% on Promising Early CAR-T Data
Legend Biotech shares surged 42% after early Phase 1 data showed all six high-dose patients with relapsed B-cell non-Hodgkin lymphoma responded to its in vivo CAR-T therapy, with five achieving complete responses.