Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Apple Settles $250M Siri Advertising Class Action Over Delayed AI Features
Apple will pay $250 million to settle a class action alleging false advertising for delayed Siri AI features, with eligible U.S. consumers receiving at least $25 per device.
Cipher Digital Soars on $200M Credit Line and Third AI Data Center Lease
Cipher Digital shares surged 16% on a $200M credit line and a third AI data center lease, offsetting a deeper Q1 loss of $114.3M.
BMO Expands AI Payments Tool to Boost Mid-Market Sales
Bank of Montreal is expanding its AI-driven payments tool to mid-market clients, leveraging Codat's technology to boost card usage and sales efficiency. A Canadian pilot is planned.
Lumentum Shares Surge as Analysts Boost Targets Ahead of Earnings
Lumentum shares rose 4% to $1,016 as analysts raised price targets ahead of fiscal Q3 earnings, with the stock up 1,444% over the past year.
DigitalOcean Shares Surge 36% on Raised Revenue Forecasts Driven by AI Cloud Demand
DigitalOcean shares soared 36% after lifting its 2026 and 2027 revenue outlook, citing surging AI workload demand and larger customer deals. Q1 revenue climbed 22% to $258 million.
Digi Power X Stock Soars on $1.1B AI Data Center Deal with Cerebras
Digi Power X shares jumped 30% on a $1.1 billion, 10-year deal with Cerebras to host a 40-MW AI data center in Alabama, with potential value up to $2.5 billion.
SanDisk Surges on AI Storage Demand, but Earnings Call Hints at Slowing Price Gains
SanDisk shares rose 9.3% to $1,372.33 after a stellar Q3, but the earnings call hinted that rapid price increases may be cooling.
Xanadu Quantum Faces 294M Share Overhang After EV Group Deal
Xanadu Quantum Technologies stock faces pressure from a 294M share resale registration, even as it partners with EV Group for photonic chip manufacturing. First earnings report due May 14.
Micron Joins US Market Cap Elite on AI Memory Surge
Micron Technology's market cap nears $660 billion as AI demand for high-bandwidth memory drives record revenue and earnings, with plans to exit consumer memory by 2026.
Gloo Acquires EnterpriseMarketdesk to Boost Workday AI Services
Gloo closed its acquisition of EnterpriseMarketdesk, adding Workday consulting and support for nonprofits and mid-market clients. Shares fell 1.1% to $6.97.