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

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Joby Aviation Slips as Toyota JV Filing Ties Funding to Certification Milestones
Technology Sarah Chen

Joby Aviation Slips as Toyota JV Filing Ties Funding to Certification Milestones

Joby Aviation shares ended lower Wednesday after a Toyota filing showed the new manufacturing JV's funding is tied to certification milestones, with initial equity of just $2 million.

JOBY TM ACHR RIVN SPY IWM QQQ
AWS $1B AI Engineering Initiative Lifts Amazon Stock Despite Cash Flow Concerns
Technology Sarah Chen

AWS $1B AI Engineering Initiative Lifts Amazon Stock Despite Cash Flow Concerns

Amazon shares gained 1.4% after-hours as AWS launched a $1B AI engineering program, offering a clearer revenue path for its massive AI capex.

AMZN QQQ SPY
IREN drops 5.4% as Meta's AI cloud plans pressure neocloud stocks
Technology Sarah Chen

IREN drops 5.4% as Meta's AI cloud plans pressure neocloud stocks

IREN shares slid 5.4% to $43.28 after reports that Meta may sell surplus AI computing power, hitting neocloud stocks. Jefferies set a $79 target on IREN.

IREN META CRWV NBIS CORZ CIFR WULF MSFT NVDA DELL
Palantir Stock Surges on NVIDIA Deal, Market Cap Hits $326.5 Billion
Technology Sarah Chen

Palantir Stock Surges on NVIDIA Deal, Market Cap Hits $326.5 Billion

Palantir shares climbed 8.8% to $126.98, reaching a $326.5 billion market cap after a strategic AI partnership with NVIDIA, while analysts debate valuation sustainability.

PLTR NVDA SRFM
Meta Cloud Plan Boosts Stock, Pressures AI Compute Rivals
Technology Sarah Chen

Meta Cloud Plan Boosts Stock, Pressures AI Compute Rivals

Meta shares jumped 6.8% after a report it may sell excess AI compute capacity, while CoreWeave and Nebius dropped 10.9% and 12.3% respectively.

META CRWV NBIS AMZN MSFT GOOGL NVDA
Joby Aviation Rises on Toyota JV Filing; Market Eyes Production Deal
Technology Sarah Chen

Joby Aviation Rises on Toyota JV Filing; Market Eyes Production Deal

Joby Aviation shares climbed 3.8% to $8.96 after a Toyota JV filing detailed $2 million in starting capital, with investors more focused on upcoming manufacturing and IP agreements.

JOBY TM ACHR EVEX EVTL SPY QQQ IWM
UiPath Stock Edges Up but Lags Tech Rally as Buyback Hopes Face ARR Slowdown
Technology Sarah Chen

UiPath Stock Edges Up but Lags Tech Rally as Buyback Hopes Face ARR Slowdown

UiPath shares edged up 0.5% but underperformed the broader tech rally. UBS cut its target to $12, and Q2 ARR guidance points to slower growth, keeping pressure on the stock.

PATH QQQ UBS
Ambarella Soars 25% as AI Demand Drives Stock Closer to Analyst Target
Technology Sarah Chen

Ambarella Soars 25% as AI Demand Drives Stock Closer to Analyst Target

Ambarella (AMBA) shares jumped 25% to $83.88, reducing the gap to Northland's $101 target from 51% to 20%. A $800 million edge-AI deal and robust demand fuel the rally.

AMBA SOXX SMH NVDA QCOM MBLY
Freshworks Enters Russell Indexes, Buyback Capacity in Spotlight
Technology Sarah Chen

Freshworks Enters Russell Indexes, Buyback Capacity in Spotlight

Freshworks enters Russell indexes with $400M buyback capacity. The SaaS company's value designation and customer wins highlight its strategic shift.

FRSH CRM HUBS NOW CNXC
Micron's Data Center Earnings Surge to $20.3 Billion Amid Korean Supply Threat
Technology Sarah Chen

Micron's Data Center Earnings Surge to $20.3 Billion Amid Korean Supply Threat

Micron's data center units generated $20.3B in operating income, 2.2 times last year's quarterly revenue, as Korean rivals announce massive expansion plans.

MU SOXX WDC STX SSNLF
Amazon's Market Cap Surges $80 Billion as AWS GPU Prices Set to Rise 20%
Technology Sarah Chen

Amazon's Market Cap Surges $80 Billion as AWS GPU Prices Set to Rise 20%

Amazon's stock surged $80 billion in value on Monday as AWS announced 20% GPU price increases, overshadowing Prime Day's $26.4 billion in sales.

AMZN NVDA
Applied Materials Market Cap Surges $54 Billion in Single-Day Rally
Technology Sarah Chen

Applied Materials Market Cap Surges $54 Billion in Single-Day Rally

Applied Materials shares jumped 10.82% to a record $694.64, adding $53.8 billion to market cap. The rally reduces the buyback's per-share impact as the stock gains 170% year-to-date.

AMAT