Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
SanDisk Surge Tested as AI Memory Demand Diverges From Micron
SanDisk (SNDK) shares surged 9.5% in after-hours trading following Micron's bullish Q4 forecast, but concerns linger over its data-center revenue mix.
Snap's AR Bet Nears Half Its Market Value as Meta Competes
Snap has invested over $3.5 billion in Specs AR glasses, nearly half its $7.5 billion market value, as Meta launches cheaper $299 AI glasses and SNAP stock slides 12% since the June 16 launch.
Archer Aviation Slips as Shareholders Await Texas Redomicile Vote
Archer Aviation shares declined for a third straight session as shareholders prepare to vote on a move to Texas, while the company advances its Midnight eVTOL into Phase 4 FAA testing.
Joby Aviation Shares Slide on Cash Burn and FAA Certification Hurdles
Joby Aviation shares dropped 3.5% to $9.22 as market concerns over FAA certification progress and cash burn rates persist, despite a first-quarter revenue rise.
Palantir Hits New 52-Week Low Despite AI Deal and Strong Revenue Growth
Palantir (PLTR) shares dropped to a 52-week low of $112.94, even after announcing an AI marketing deal with Zeta Global and reporting strong U.S. revenue growth.
Hyperscale Data Surges on $1.2 Billion AI Compute Deal
Hyperscale Data shares jumped 6.4% after announcing a 10-year, $1.2 billion AI compute deal at its Michigan campus, with potential revenue exceeding $3 billion if expanded.
UiPath Holds Near $10 as AI Strategy Awaited Ahead of Annual Meeting
UiPath shares trade near $10 ahead of its June 25 annual meeting, as investors watch for AI-driven products to boost revenue amid a cautious Wall Street outlook.
Super Micro Stock Rises on New AI Deals, Nvidia Partnership
Super Micro Computer shares rose 1.6% premarket Wednesday after new AI partnerships, following a 6% drop Tuesday, as investors weigh financing plans and legal risks.
Arqit Quantum Surges on US Quantum Security Orders
Arqit Quantum shares surged 35.6% following US executive orders on quantum security. A legal settlement was approved, and a Millennium-linked group briefly held over 5% of shares.
Tencent Rises as WeCom AI Agent Enters Testing, Buyback Continues
Tencent shares rose 3.38% on Wednesday as WeCom began limited testing of the Dayuan AI agent. The company also repurchased 1.183 million shares.
Backblaze Surges 43.6% on $335M CoreWeave Deal, But Market Discounts Value
Backblaze shares surged 43.6% on a $335M CoreWeave deal, but the stock's $213M equity gain values the contract at just 63 cents per dollar, amid dilution and cost concerns.