Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Nokia Shares Near 52-Week High After Insider Purchase Boosts AI Sentiment
Nokia shares traded near a 52-week high after a top executive purchased $500,000 worth of stock, amid rising AI-related sales and strong Q1 results.
Infleqtion Stock Surges 31% After $100M Quantum Funding Deal
Infleqtion shares surged 31.4% last week after a $100 million CHIPS Act letter of intent. The stock closed Friday at $16.35, up 11.2%.
Intel's AI Pivot Under Scrutiny After Holiday Lull
Intel closed at $119.84 before Memorial Day. The market is focused on whether AI demand and supply will sustain the stock's rally.
D-Wave Quantum Surges on $100M Grant, Awaits Key Details
D-Wave Quantum shares rose to $29.40 after news of a $100 million CHIPS Act grant. The market awaits final terms and the company's investor day on June 1.
Rigetti Computing Surges on $100M Quantum Grant News, Trading Resumes Tuesday
Rigetti shares surged 19.9% to $26.42 on Friday following news of a potential $100 million grant from the U.S. Commerce Department. Trading resumes Tuesday after the Memorial Day holiday.
Xanadu Shares Gain in Toronto as Nasdaq Halts; $300M Facility and Cost-Cutting Tech in Focus
Xanadu's TSX shares rose 5.18% to C$21.85 on Monday, while its Nasdaq line was closed for Memorial Day. The company announced a $300 million equity facility and a quantum memory advance that could cut costs by half.
HIVE Digital Technologies Surges 51% on AI Data Center Plans
HIVE Digital Technologies shares jumped 51% on Nasdaq after announcing a C$3.5 billion AI data center near Toronto. Cantor Fitzgerald raised its target to $4.60.
Shopify's AI Strategy Under Scrutiny Amid Mixed Market Performance
Shopify shares closed mixed as U.S. markets paused for Memorial Day, with the stock down 36% YTD despite a 2.71% weekly gain. Analysts weigh AI-driven growth against rising expenses.