Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
SanDisk Shares Retreat Despite Citi Target Hike as AI Rally Faces Valuation Scrutiny
SanDisk shares dropped over 4% in Friday trading, even after Citi increased its price target to $875, highlighting investor caution around its AI-fueled valuation following a 1,200% rally.
Rivian Shares Retreat as Uber's $1.25B Robotaxi Deal Raises Profitability Concerns
Rivian Automotive shares declined 6% Friday following Uber's announcement of a robotaxi partnership valued up to $1.25 billion. The electric vehicle maker also revised its financial outlook, no longer expecting adjusted core profit in 2027 due to higher research spending.
Nvidia's Major AWS GPU Deal Fails to Lift Stock Amid AI Spending Doubts
Nvidia shares declined approximately 1% in premarket trading Friday, even after announcing a significant agreement to supply Amazon Web Services with 1 million GPUs by 2027. The muted market reaction reflects broader investor caution about cloud capital expenditures.
Quantum Computing Stocks Slip as Investors Seek Tangible Revenue Over Long-Term Potential
Rigetti Computing shares declined alongside peers IonQ and D-Wave Quantum, highlighting investor impatience for revenue growth over technological promises. A new UK quantum funding package failed to lift the sector.
Snap Shares Extend Decline Amid Tech Selloff, Ad Pressure Persists
Snap Inc. shares declined again Thursday, marking a third straight loss amid a broader selloff in technology stocks. The stock now trades 56% below its July high as the company grapples with pressure on its core advertising business.
Palantir Gains on AI Mortgage Deal and UBS Target Boost Amid Market Weakness
Palantir shares advanced 1.9% to $155.68 on Thursday, defying a down market after unveiling an AI-powered mortgage venture and a bullish target revision from UBS.
Nebius Secures $4B in Convertible Debt to Fuel AI Expansion
Nebius Group has priced a $4 billion convertible notes offering, with proceeds earmarked for AI infrastructure expansion. The move follows a $12 billion computing agreement with Meta and comes as the company reports significant quarterly losses amid heavy investment.
SanDisk Retreats Despite Bullish Citi Target as AI Memory Rally Cools
SanDisk shares declined 1.5% to $742.50, even after Citi lifted its price target to $875. The pullback highlights growing valuation concerns amid a surge fueled by AI data center demand for NAND flash memory.
Ondas Shares Dip Amid Share Registration, Defense Ventures Advance
Ondas Holdings shares fell nearly 4% after a registration for 3.36 million shares for resale by former Bird Aerosystems owners. The company concurrently announced a joint venture in Europe and highlighted its drone defense unit's role at the World Economic Forum.
Nvidia's Networking Unit Surges, Fueling $1 Trillion AI Ambition
Nvidia's networking division generated $11 billion last quarter, more than triple the prior year, as the company reported record total revenue of $68.1 billion. CEO Jensen Huang outlined a $1 trillion revenue target for its AI chips by 2027.
Palantir Shares Dip Despite Navy Contract Expansion, AI Competition Heats Up
Palantir Technologies shares declined 1.5% to $152.77 on Wednesday despite adding supplier Keel to its U.S. Navy ShipOS project. The drop coincided with broader software weakness and news that OpenAI will supply AI models to defense agencies.
Trade Desk Stock Slides on Agency Rift, Analyst Downgrades
The Trade Desk stock declined for a second consecutive session following Publicis Groupe's decision to stop recommending its platform to clients, which triggered multiple Wall Street rating cuts.