Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
SanDisk Surges on AI Demand, Price Target Hiked to $3,250
SanDisk shares jumped after Susquehanna raised its price target to $3,250, driven by AI demand and long-term contracts. Q3 revenue rose 97%.
SoundHound AI Shares Rise Despite $300M Stock Sale Announcement
SoundHound AI shares rose 4.3% to $8.93 after announcing a $300 million stock sale program, despite a Q1 net loss of $25 million and revenue of $44.2 million.
Micron Soars on AI Memory Demand, Samsung Enters Fray with HBM4E Samples
Micron Technology shares rose 4.6% to $966.24, lifting its market cap above $1.1 trillion, driven by AI memory demand and analyst upgrades. Samsung shipped samples of its HBM4E chips, adding competitive pressure.
Micron Surges Past $1.1 Trillion as AI Memory Demand Intensifies Amid Samsung's New HBM4E Challenge
Micron shares rose 4.6% to $966.24, lifting market cap above $1.1 trillion, as AI memory demand boosts analyst targets. Samsung's HBM4E samples introduce fresh competition.
ServiceNow Soars on Wipro AI Pact, Easing Investor Concerns
ServiceNow shares surged 9% on a Wipro AI deal, easing growth fears. Q1 subscription revenue rose 22% to $3.67B, while AI product ACV topped $750M.
Infleqtion Gains Pre-Market on Oxford Quantum Expansion Plans
Infleqtion shares gained 2.1% in pre-market trading following plans to open a quantum centre in Oxford, tripling UK capacity. Q1 revenue rose 14% to $9.5M, but operating losses persist.
SentinelOne Stock Plunges on Weak Guidance, Job Cuts
SentinelOne shares tumbled nearly 20% premarket Friday after the company issued weak Q2 revenue guidance and announced plans to cut about 8% of jobs.
D-Wave Quantum Shares Dip as Investor Day and CHIPS Act Funding Await
D-Wave Quantum shares edged lower in premarket trading Friday, as investors focus on an upcoming investor day and a proposed $100 million CHIPS Act funding deal amid mixed quarterly results.
IBM's $10B Quantum Plan and $5B Security Push Lift Shares
IBM shares climbed 3.5% premarket after announcing a $10 billion quantum-computing plan and a $5 billion cybersecurity push with Red Hat, aiming for a fault-tolerant quantum computer by 2029.
