Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
NASA's $30M Swift Rescue Mission Could Pave Way for Satellite Servicing
NASA's $30 million contract with Katalyst Space aims to boost the Swift satellite, testing a scalable rescue model that could save billions in replacement costs.
IonQ Stock Drops 15% but Quantum Valuation Premium Remains
IonQ shares dropped 15.45% over five sessions, but with a market cap of $18.3 billion and trading at 69 times 2026 revenue, the quantum premium persists.
Amazon Stock Rises on Prime Day Data, AWS Price Hike in Focus
Amazon shares gained 2.5% Friday on heavy volume, but the stock is still down 4.8% from June 18. Prime Day sales rose 9.3% to $26.4B, while AWS will raise AI compute prices by 20% in July.
Apple Raises Mac, iPad Prices Amid Memory Cost Surge, iPhone Untouched
Apple raised Mac and iPad prices worldwide as memory costs soared, leaving iPhone prices unchanged. Shares dropped 6.15% then rebounded 2.5%, with investors eyeing margin impacts and future iPhone pricing.
Tech Funds See $41B Swing as AI Profitability Doubts Surface
Technology funds saw nearly $20 billion in outflows in the week ending June 24, reversing $21.46 billion in inflows the prior week, as chip stocks plunged and AI profitability concerns grew.
Freshworks Shares Surge on AI Growth and Buyback Momentum
Freshworks (NASDAQ: FRSH) surged 5.1% to $9.64 on heavy volume, as CEO Dennis Woodside outlined AI customer growth and a path to GAAP profitability by H2 2026.
UiPath Shares Rise Amid Index Rebalancing, ARR Growth Concerns
UiPath climbed 4.7% to $10.40 on heavy trading from Russell index rebalancing, yet Q2 net new ARR guidance of $30 million suggests a slowdown from Q1's $49 million, with 32% short interest amplifying risk.
Microsoft's Russell Index Shift Tests Value-Growth Dynamics Amid June Selloff
Microsoft fell 3.46% to a 52-week low ahead of the $150 billion Russell index reconstitution, which places the stock in both value and growth categories. EU regulations, Italian antitrust probe, and rising memory costs add pressure.