Technology News

Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.

Alphabet's $84.75 Billion AI Funding Spurs Share Dilution Fears
Technology Sarah Chen

Alphabet's $84.75 Billion AI Funding Spurs Share Dilution Fears

Alphabet shares fell 0.8% after the company upsized its equity raise to $84.75 billion for AI infrastructure, increasing dilution risk.

GOOGL GOOG BRK.B MSFT AMZN META
Rivian Stock Gains 2.7% on AT&T 5G Deal for R2 SUV Ahead of June 9 Orders
Technology Sarah Chen

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.

RIVN TSLA
Navitas Surges on Nvidia AI Ecosystem Tie-Up; Dilution Concerns Loom
Technology Sarah Chen

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.

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BigBear.ai Shares Slip 6% as Panama Deal Fails to Offset Weak Q1 Results
Technology Sarah Chen

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.

BBAI
AMD Rallies on Supermicro AI Rack Launch, Nvidia Slips
Technology Sarah Chen

AMD Rallies on Supermicro AI Rack Launch, Nvidia Slips

AMD shares gained 1.4% after Supermicro announced its Helios rack system featuring AMD Instinct GPUs, signaling AMD's growing role in AI data-center gear. Nvidia fell 2.3%.

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D-Wave Quantum Shares Dip as Gate-Model Roadmap Unveiled Amid Dilution Concerns
Technology Sarah Chen

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.

QBTS
Micron Hits $1,064 as AI Memory Boom Outpaces Supply, Analysts Eye Risks
Technology Sarah Chen

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.

MU NVDA SSNLF AAPL
Xos Shares Skyrocket 219% on AI Data Center Power Hub Launch
Technology Sarah Chen

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.

XOS FLNC BE NVDA SIEGY
IREN Surges on $3.65B GPU Deal and 800MW Australian Data Center
Technology Sarah Chen

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.

IREN MSFT NVDA
Legend Biotech Surges 42% on Promising Early CAR-T Data
Technology Sarah Chen

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.

XLK
Palo Alto Networks Dips Despite AI Security Revenue Surge
Technology Sarah Chen

Palo Alto Networks Dips Despite AI Security Revenue Surge

Palo Alto Networks shares slipped in premarket trading despite a 31% revenue increase to $3.0 billion and raised full-year guidance, as investors weigh whether AI-driven growth is already reflected in the stock price.

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Super Micro Jumps 7% on $2B India AI Deal, Strong Server Demand
Technology Sarah Chen

Super Micro Jumps 7% on $2B India AI Deal, Strong Server Demand

Super Micro Computer surged 7% to $50.17 after a $2 billion AI infrastructure deal in India and strong AI server demand signaled by rivals' results. Investors face risks from rising costs, competition, and legal scrutiny.

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