Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Adobe Shares Edge Higher Amid Broader Software Sector AI Anxiety
Adobe shares gained slightly to $263.97 on Friday but remain under pressure, down roughly 25% year-to-date as investor concerns about AI's impact on software persist.
Joby Aviation Faces Key Week as Toyota Deepens Ties, Insiders Plan Sales
Joby Aviation shares closed at $9.90 ahead of the holiday break, with Toyota reportedly weighing a larger production partnership. Multiple executives have filed notices for potential stock sales.
Take-Two Stock Recovers Ahead of Holiday, AI Concerns and GTA VI Delay Linger
Take-Two Interactive shares gained 1.7% Friday, halting a recent decline. The stock remains under pressure from AI-related sector volatility and the postponed release of Grand Theft Auto VI.
Cloudflare Surges 6% Amid Analyst Split Before Holiday
Cloudflare shares jumped 5.8% Friday, recovering from prior losses amid conflicting analyst views. U.S. markets will be closed Monday for the Presidents Day holiday.
KLA Announces $400M India R&D Campus, Stock Gains Ahead of Holiday
KLA Corp shares advanced Friday following news of a major R&D investment in India. The chip equipment maker plans to invest up to $400 million over a decade in a new Chennai campus.
GE Aerospace Boosts Engine Repair with Robotics Amid Airbus Pressure
GE Aerospace shares gained 0.8% to $315.41 as the company implements robotic automation to accelerate jet-engine repairs. Airbus continues pressing CFM for increased LEAP engine deliveries.
Snowflake Shares Rally 5% Ahead of Earnings Amid AI Focus
Snowflake shares advanced 5.4% to $182.29 Friday, recovering from prior losses. The move comes amid shifting rate expectations and ahead of the company's quarterly earnings report.
CrowdStrike Gains on HSBC Upgrade Ahead of Earnings
CrowdStrike shares climbed 4.4% Friday following an upgrade to buy by HSBC, which set a $446 price target. Trading volume exceeded the 50-day average.
IBM Shares Rebound on Hiring Expansion and Inflation Data
IBM shares gained 1.1% to $262.38, halting a four-session slide. The company announced plans to significantly increase entry-level hiring next year while reshaping roles around artificial intelligence.
Nebius Soars 9% on Ambitious $9B Revenue Goal and French Data Center
Nebius shares jumped 9.2% following a new data center plan in France and a significantly higher long-term revenue target, despite a quarterly revenue miss and heavy capital spending.