Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Figma Shares Gain on Raised Revenue Outlook, AI Pricing Shift Looms
Figma shares advanced after the company raised its 2026 revenue target and outlined a March implementation of AI usage caps, prompting some Wall Street firms to lower price targets.
Grail Shares Halve as UK Trial Misses Primary Endpoint, Clouding FDA Path
GRAIL Inc. shares plummeted almost 50% in Friday trading following disappointing results from a major UK study of its multi-cancer early detection test. The trial's failure to hit its primary endpoint complicates the company's regulatory and reimbursement strategy.
Palo Alto Networks Stock Rebounds on CyberArk Note Repurchase Deadline
Palo Alto Networks stock gained 4.6% to $158.01 Friday, recovering from post-earnings declines. The cybersecurity firm set a March 20 deadline for CyberArk noteholders to exercise cash repurchase rights following its recent acquisition.
Applied Materials Posts Modest Gain Despite Legal Charge; Nvidia Results Loom
Applied Materials shares advanced about 1% Friday, closing near $373, after disclosing a $253 million legal settlement charge in its quarterly filing. Revenue for the period declined 2% to $7.012 billion, with China representing 30% of sales.
Lumentum Shares Surge on AI Infrastructure Rotation, Executive Sale
Lumentum shares climbed over 4% Friday, reaching a new intraday peak amid heavy trading volume. The move comes as capital rotates into AI infrastructure stocks, with optics and networking names benefiting.
AppLovin Shares Climb on Social Platform Development Signals
AppLovin shares gained 3.3% to $425.74 after indications emerged that the mobile advertising firm is developing a social platform. The company is hiring a founding backend engineer in Singapore for the project.
Broadcom Gains on 6G Chip Launch as VMware Concerns Loom
Broadcom shares advanced following the introduction of its new 5G Advanced/6G radio chip, BroadPeak. Investor attention remains divided between this hardware innovation and ongoing challenges in its VMware software segment.
Palantir Stock Dips Despite $1B DHS Deal, Rackspace Partnership
Palantir Technologies stock declined 1.5% to $132.89 on Friday, underperforming the broader software sector. The move came amid conflicting catalysts including a reported $1 billion U.S. Department of Homeland Security contract, a new strategic partnership with Rackspace Technology, and an analyst upgrade from Mizuho Securities.
Nokia's AWS-Powered 5G Core SaaS Debuts with First Commercial Customer
Nokia's stock remained steady around $7.60 in premarket trading following the launch of the first commercial 5G Core software-as-a-service deployment on Amazon Web Services by Belgian operator Citymesh.
Xero Shares Drop Amid Tech Sell-Off, AI Rollout Fails to Lift Sentiment
Xero shares declined 3.7% on Friday, underperforming a weak ASX technology sector. The sell-off occurred even as the company announced AI-powered automation tools for UK customers ahead of tax digitization deadlines.
AMD's $75M CEO Award and Insider Sales Draw Investor Scrutiny
AMD shares gained as filings showed CFO Jean Hu sold shares under a preset plan and the board approved a $75M performance award for CEO Lisa Su, vesting only if the stock hits $600 by 2031.
Oracle Gains Amid AI Infrastructure Funding Plan and Market Caution
Oracle stock advanced slightly on Thursday as the company outlined a massive capital raise for cloud expansion, even as broader markets dipped and bondholders pursued legal action over AI-related losses.