Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Southwest Airlines Targets 2028 for AWS Cloud and AI Transformation
Southwest Airlines plans to shift core systems to AWS cloud and AI by 2028, supporting its commercial overhaul to assigned seats and bag fees. Shares dipped 1.6%.
Arm Surges 5.7% as Bernstein Lifts Target to $500 on AI CPU Boom
Arm shares surged 5.69% to $418.88 after Bernstein hiked its price target to $500, citing a CPU renaissance from agentic AI demand. The rally reflects investor shift to CPUs, but supply issues and an FTC probe remain risks.
Coherent Stock Slips Despite $50M CHIPS Grant; AI Optics Demand in Question
Coherent shares slipped 1% to $378.85 despite a $50M CHIPS grant for its Texas InP plant, as high valuation and supply risks overshadow AI optics demand.
Vertiv Surges 7% as AI Infrastructure Demand Fuels Rally
Vertiv shares surged 7.3% to $321.49 as investors piled into the AI data-center supplier following strong Q1 results and a raised 2026 forecast, but high valuation raises caution.
Smartbird Surges 50% on AI Pivot, New CEO, and Financing Boost
Smartbird (BIRD) shares surged 50% after completing its footwear exit, appointing ex-AWS executive Nadia Carlsten as CEO, and doubling its convertible financing to $100 million for AI infrastructure.
Rackspace Stock Surges on AMD AI Deal and Workforce Restructuring
Rackspace Technology shares surged 33.8% to $8.31 after finalizing an AMD AI compute deal for 30 MW of capacity and cutting 15% of its global workforce to refocus on enterprise AI.
IceCure Medical Soars on 70% U.S. ProSense Install Base Growth Post-FDA Clearance
IceCure Medical shares tripled on news of a 70% U.S. install base growth for its ProSense breast cancer cryoablation system following FDA clearance.
NuScale Power Rises 3.9% on Paragon Reactor Safety Contract
NuScale Power shares rose 3.9% after awarding Paragon a contract to complete final design work on key protection systems for its small modular reactor technology.
Citi Bullish on Figma: AI Monetization Strategy Solid, $36 Target Set
Citi initiates Figma at Buy with a $36 target, citing strong AI monetization. Shares rise premarket after a 52% YTD decline.
G7 Leaders Debate AI Model Access Amid OpenAI's $1T IPO Plan and Rising China Competition
G7 leaders debate AI model access as OpenAI files for a $1T IPO. Anthropic restricts models, China boosts local AI, and cybersecurity deals surge.