Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
ServiceNow Gains 3.6% Ahead of Holiday; Executive Appointment, Insider Sales Noted
ServiceNow shares advanced 3.6% Friday, closing at $107.08. The company named Danielle Fontaine as chief accounting officer, and director Paul Chamberlain sold shares under a Rule 10b5-1 trading plan.
Lumentum Insider Sales Near $600 Mark Precede Market Holiday
Lumentum Holdings Inc. director Penny Herscher sold approximately $2.39 million in company stock, with shares trading near $600, according to an SEC filing. The stock closed Friday down 3.6% at $562.74.
Western Digital's 2026 Hard Drive Capacity Fully Booked, CEO Says
Western Digital's CEO revealed that 2026 hard drive manufacturing capacity is nearly entirely committed, backed by purchase orders from its seven largest customers and long-term contracts running through 2028.
Salesforce Gains Ahead of Holiday, AI Acquisition and Earnings in Focus
Salesforce shares closed at $189.72, up 2.3%, with heavy trading volume ahead of the market holiday. The company's recent AI acquisition and cost discipline are under scrutiny as investors await quarterly results.
Arista CEO Warns of Severe Memory Cost Pressures Amid AI Boom
Arista Networks CEO Jayshree Ullal highlighted worsening memory shortages and 'horrendous' component costs, citing intense AI data center demand. The company reported strong Q4 results and provided an upbeat Q1 revenue outlook.
Oracle's $50B Cloud Funding Plan in Focus as Shares Rise Ahead of Holiday
Oracle shares gained 2.34% to close at $160.14 on Friday before U.S. markets closed for Presidents Day. Investors are assessing the company's plan to raise up to $50 billion next year to expand cloud infrastructure capacity.
Cisco's AI Chip Push Confronts Profit Margin Pressure
Cisco shares will resume trading Tuesday after a volatile week, with its new AI networking chip announcement overshadowed by a gross margin miss and rising component costs.
Intel's Turnaround Faces Scrutiny as Analyst Calls It a 'Show Me' Story
Intel shares edged higher ahead of the holiday, but a new Neutral rating highlights concerns over its ambitious turnaround plan. The company is expanding into AI chips and foundry services to regain momentum.
AppLovin Shares Rally Ahead of Market Reopening
AppLovin shares closed up 6.4% at $390.55 ahead of the Presidents Day market closure, buoyed by upbeat quarterly results and shifting analyst sentiment.
AMD Expands AI Infrastructure in India via TCS Partnership
AMD deepens its collaboration with Tata Consultancy Services to launch its Helios rack-scale AI infrastructure in India, aiming for significant data-center expansion. The announcement comes as U.S. markets reopen after a holiday closure.
Alphabet's AI Spending and Regulatory Scrutiny Weigh on Shares
Alphabet's stock fell for a fourth consecutive session, shedding nearly $88 billion in market value since January, amid investor concerns over aggressive AI spending and EU antitrust investigations.
Palantir Gains After Rare Double Upgrade, Markets Eye Post-Holiday Momentum
Palantir shares advanced Friday following a rare two-level upgrade from Freedom Capital Markets, which maintained a $170 price target. U.S. markets are closed Monday for the Presidents Day holiday.