Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Oracle Soars on AI Cloud Demand and Record Backlog
Oracle shares jumped over 8% to $244.73 after strong Q3 earnings and a 44% cloud revenue surge. The company's backlog soared 325% to $553 billion, but a $1.07 billion put position signals caution.
BlackBerry shares surge as QNX robotics bet gains momentum
BlackBerry shares jumped 7.8% to $9.70 in New York, reaching a 52-week high in Toronto, fueled by QNX's 20% revenue growth and a $950 million royalty backlog.
Rigetti Computing Gains on Quantum Error Correction Breakthrough and CHIPS Act Funding
Rigetti Computing shares rose 3.4% after a quantum error-correction paper was published and the company secured up to $100 million in CHIPS Act funding.
IREN Secures $3.65B GPU Financing for Microsoft AI Deal
IREN shares slipped 0.7% premarket to $63.54 after securing $3.65B in GPU-backed debt to fund its Microsoft AI contract, aiming for $4.4B ARR.
France Secures €93 Billion in AI and Industrial Investment at Choose France Summit
SoftBank leads €93 billion in corporate pledges at the Choose France summit, with plans for major AI data centres in northern France, as the country positions itself as a European AI hub.
CoreWeave Shares Surge Premarket on Index Inclusion and AI Deal
CoreWeave shares surged 5.65% premarket after a preliminary Russell 3000 index addition and a $20 million AI-inference funding round backed by CoreWeave.
Super Micro Gains on New Nvidia AI Blueprints, Analyst Price Target Hike
Super Micro Computer shares edged higher after unveiling Nvidia Vera Rubin-based data center designs and receiving a price target increase from Mizuho, though an ongoing board review over export-control matters keeps some investors cautious.