Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Arm Surges 5.7% as Bernstein Lifts Target to $500 on AI CPU Boom
Arm shares surged 5.69% to $418.88 after Bernstein hiked its price target to $500, citing a CPU renaissance from agentic AI demand. The rally reflects investor shift to CPUs, but supply issues and an FTC probe remain risks.
Coherent Stock Slips Despite $50M CHIPS Grant; AI Optics Demand in Question
Coherent shares slipped 1% to $378.85 despite a $50M CHIPS grant for its Texas InP plant, as high valuation and supply risks overshadow AI optics demand.
Vertiv Surges 7% as AI Infrastructure Demand Fuels Rally
Vertiv shares surged 7.3% to $321.49 as investors piled into the AI data-center supplier following strong Q1 results and a raised 2026 forecast, but high valuation raises caution.
Smartbird Surges 50% on AI Pivot, New CEO, and Financing Boost
Smartbird (BIRD) shares surged 50% after completing its footwear exit, appointing ex-AWS executive Nadia Carlsten as CEO, and doubling its convertible financing to $100 million for AI infrastructure.
Rackspace Stock Surges on AMD AI Deal and Workforce Restructuring
Rackspace Technology shares surged 33.8% to $8.31 after finalizing an AMD AI compute deal for 30 MW of capacity and cutting 15% of its global workforce to refocus on enterprise AI.
IceCure Medical Soars on 70% U.S. ProSense Install Base Growth Post-FDA Clearance
IceCure Medical shares tripled on news of a 70% U.S. install base growth for its ProSense breast cancer cryoablation system following FDA clearance.
NuScale Power Rises 3.9% on Paragon Reactor Safety Contract
NuScale Power shares rose 3.9% after awarding Paragon a contract to complete final design work on key protection systems for its small modular reactor technology.
Citi Bullish on Figma: AI Monetization Strategy Solid, $36 Target Set
Citi initiates Figma at Buy with a $36 target, citing strong AI monetization. Shares rise premarket after a 52% YTD decline.
G7 Leaders Debate AI Model Access Amid OpenAI's $1T IPO Plan and Rising China Competition
G7 leaders debate AI model access as OpenAI files for a $1T IPO. Anthropic restricts models, China boosts local AI, and cybersecurity deals surge.
Amazon Leo, AST SpaceMobile, and China Launches: June 2026 Space and Satellite News
Arianespace's Ariane 6 launched 36 Amazon Leo satellites, AST SpaceMobile deployed three direct-to-phone satellites, and China launched Shijian-31, highlighting the competitive satellite broadband landscape.