Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Palantir Faces European Headwind as France Pushes for Local Tech
Palantir shares closed at $128.47, down 1.65%, as France's DGSI shifts to ChapsVision, threatening European government contracts despite strong U.S. revenue growth.
Seagate Stock Nears 52-Week High on AI Storage Demand Surge
Seagate shares rose nearly 15% in a week to $1,070.23, close to a 52-week high, fueled by AI storage demand and hard disk drive shortages. Analysts raised targets, but the stock now trades above consensus estimates, increasing downside risk.
Coherent Rises on CHIPS Act Funds, Supply Risk Looms
Coherent shares rose 2.8% after receiving up to $50 million in CHIPS Act funding for its Texas facility, while China's indium export checks pose supply risks.
Applied Optoelectronics Slips Amid AI Optics Slowdown and Supply Concerns
Applied Optoelectronics (AAOI) dropped 4.3% to $161.85 in a shortened trading week, pressured by insider-sale filings, a doubled credit line, and management warnings that supply bottlenecks will cap 800G transceiver revenue into mid-2027.
WDC Hits Record on AI Data Demand, HDD Shortage Fuels Rally
Western Digital closed at a record $746.23, up 32.6% for the week, as AI-driven HDD shortages boost investor optimism. Analysts see upside but caution on supply risks.
Amkor, TSMC Arizona Pact Highlights Chip Packaging Push
Amkor Technology shares jumped 4.7% after sealing a 10-year advanced packaging deal with TSMC in Arizona, as investors bet on U.S. supply chain gains.
IonQ Gains Ahead of Holiday, Focus on Quantum Security Product and Partnerships
IonQ shares rose 3.4% to $56.55 ahead of the holiday, driven by the Clavis XG Multiplex launch and Fixstars partnership, but the stock ended the week below its prior close.
Astera Labs Surges Ahead of Nasdaq-100 Debut, Valuation Raises Questions
Astera Labs shares surged to a record $417.07 ahead of its Nasdaq-100 inclusion, but the stock trades far above the average analyst target of $244.97.
Vertiv Nears Record Highs on AI Cooling Demand and Strategic Moves
Vertiv shares rose nearly 10% to $333.05 in a holiday-shortened week, buoyed by a GLJ Research upgrade and the completion of the ThermoKey acquisition, as AI data-center cooling demand remains in focus.
PG&E Outages Hit 9,000 Across Three Counties Amid Fire Weather
PG&E outages affected over 9,000 customers in Monterey, Clovis, and Shasta County amid storms and fire weather, underscoring utility challenges in maintaining reliability during peak summer demand.
AI-Driven Healthcare Fraud Surge Strains Insurers, Coverage Gaps Widen
AI is fueling healthcare fraud with fake medical records and bot calls, driving up costs and exposing coverage gaps as insurers scramble to adapt.
Alphabet Gains in Short Week Despite AI Talent Departures
Alphabet shares closed higher in a short week, but the exits of two top AI researchers to rivals Anthropic and OpenAI raise concerns about talent retention as the company ramps up capital spending.