Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Coherent Shares Surge 7% on Bank of America Price Target Boost Amid AI Data Center Focus
Coherent Corp stock rallied over 7% after Bank of America raised its price target to $250, citing strong hyperscale capital expenditure trends. The optical components maker also provided its Q3 revenue and earnings guidance.
Applied Digital Shares Surge Nearly 10% Amid AI Data Center Rally
Applied Digital stock climbed 9.6% to $38.32 in volatile trading, reflecting renewed investor appetite for AI infrastructure plays. The company has become a key proxy for computing capacity investments.
Palo Alto Networks Gains as CyberArk Merger Nears February Close
Palo Alto Networks shares advanced 3.4% after Nasdaq set a tentative Feb. 11 closing date for its $25 billion acquisition of CyberArk. Investors await quarterly results on Feb. 17 for integration updates.
AST SpaceMobile Shares Swing Amid BlueBird 7 Launch Countdown
AST SpaceMobile stock experienced volatile trading, dipping 0.5% while broader markets rose, as investors await the late-February BlueBird 7 satellite launch.
Snowflake Gains as Jefferies Dismisses AI Concerns, Maintains $300 Target
Snowflake shares rose 3.4% to $174.10 amid a tech rebound, with Jefferies reaffirming a Buy rating and $300 price target ahead of the company's Feb. 25 earnings report.
Super Micro's Margin Pressure Weighs on Shares Despite AI Demand Surge
Super Micro Computer shares declined as investors focused on shrinking profit margins, overshadowing strong revenue growth tied to AI server demand.
Analog Devices Gains as UBS Lifts Target to $400 Ahead of Key Earnings
Analog Devices (ADI) shares advanced after UBS raised its price target to $400, citing strong data center and aerospace demand. Investor focus now shifts to the company's fiscal Q1 report due February 18.
Qualcomm Gains on 2nm Chip Milestone Amid Memory Supply Concerns
Qualcomm shares advanced 0.9% after announcing a key 2-nanometer chip design achievement from its India engineering centers, partially recovering from last week's decline. The company continues to face headwinds from memory chip shortages impacting smartphone production.
Texas Instruments Stock Dips Amid Governance Shift and Acquisition Scrutiny
Texas Instruments shares edged lower after the company amended its bylaws to direct shareholder litigation to specific courts, while investors assess its $7.5 billion Silicon Labs acquisition and reduced capital spending outlook.
Roblox Jumps on Roth MKM Upgrade, Eyes CPI Data
Roblox shares climbed approximately 10% Monday after Roth MKM upgraded the stock to 'buy' and lifted its price target to $84, extending a rally fueled by a strong long-term bookings outlook.
Salesforce Shares Rebound Amid AI Spending Concerns; Super Bowl Marketing Blitz Draws Attention
Salesforce stock gained 1.6% in volatile trading as investors assess AI's impact on software models. A high-profile Super Bowl campaign with MrBeast attracted over 53 million visits.