Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
D-Wave Shares Climb Ahead of Investor Day, CHIPS Act Funding in Focus
D-Wave Quantum (QBTS) closed Friday at $30.14, up 2.2%, ahead of its June 1 investor day. Focus is on $100 million in proposed CHIPS Act funding, which is not finalized and may dilute shares.
Aurora Innovation Gets Outperform Rating, Shares Jump Ahead of Monday Trading
Aurora shares surged 3.8% to $7.34 after Northland gave an Outperform rating and $11 target, citing AI and autonomous driving. The company expects hundreds of driverless trucks by year-end.
Trade Desk Slips as Competition Fears Weigh; Analyst Issues Sell Rating
Trade Desk shares ended the week down 3.7% at $21.56, lagging market gains, as a new analyst warning and competitive pressures from Google and Amazon weigh on sentiment.
Dell Soars on AI Server Boom, But Sustainability in Question
Dell Technologies shares jumped 33% after reporting record Q1 revenue of $43.8B, driven by $16.1B in AI server sales. The company raised its AI server target to $60B for the year, but questions about sustained demand persist.
Tesla's Rally Halts as Robotaxi Ambitions Face New Scrutiny
Tesla shares fell 1.43% on Friday, snapping a six-day rally, as reports of Full Self-Driving software struggles and a massive capital spending plan weigh on the stock.
SoundHound AI Rallies on Heavy Volume; Monday Trading Key for Sustained Momentum
SoundHound AI closed Friday up 5.14% to $9.00 on heavy volume, ending the week over 10% higher. The rally faces a test Monday as the market weighs dilution from a $300 million share sale and the pending LivePerson acquisition.
AI Infrastructure Orders Boost Cisco's Outlook, Stock Nears Highs
Cisco closed near $120 after a strong Q3 earnings report, with AI infrastructure orders surging and full-year guidance raised to $9 billion.
BlackBerry Hits Six-Session Rally: QNX Backlog and FedRAMP Win Fuel Optimism
BlackBerry closed at $9.00, up 2.5% Friday and 13.8% for the week, fueled by QNX revenue growth, a $950M royalty backlog, and FedRAMP re-certification.
Micron Surpasses $1 Trillion Market Cap as AI Memory Demand Drives Record Rally
Micron closed at $971 Friday, up 29.3% since May 22, topping a $1.11 trillion market cap as AI memory demand and a UBS price target hike fueled a record week. Options markets signal a 10% swing next week.
Archer Aviation Gains Ground in Short Week, Eyes Certification Milestones
Archer Aviation shares closed at $6.81, up 7.1% for the shortened week, after becoming the first eVTOL firm to complete FAA Phase 3 certification. Q1 net loss widened to $217.7M.