Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Plug Power's Cash Position and Project Progress Under Scrutiny
Plug Power shares closed at $2.85, up 7.55% on Thursday, but the market's focus remains on liquidity challenges and the company's ability to monetize projects.
Super Micro Rebounds After $7B Fundraise for AI Server Orders
Super Micro Computer jumped 10.37% to $30.66 on Thursday after a volatile week, as investors weighed a $7 billion equity-linked raise for AI server orders against dilution risks. Monday's market open will test the rebound.
QuantumScape Soars 16.5% on Honda Solid-State Battery Pact
QuantumScape shares jumped 16.5% to $8.04 after Honda R&D signed a multi-year joint research agreement for solid-state battery development, providing a major automaker endorsement.
Apple Stock Nears $300 Amid Memory Cost Pressure on Pricing
Apple shares closed at $298.01, up 2.4% for the week, as Tim Cook warns product price hikes are unavoidable due to AI-driven memory chip cost increases.
Nvidia Rises Ahead of Holiday; Micron Earnings Test AI Rally
Nvidia closed 2.95% higher at $210.69 before the holiday, as chip stocks lifted the Nasdaq. Focus now shifts to Micron's earnings and Nvidia's annual meeting for AI demand cues.
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.