Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Uber Market Cap Drops $6 Billion on Waymo Partnership Breakup Fears
Uber shares slid 4.3% on Friday, wiping out $6.1 billion in market value, following a report that Waymo is considering ending their robotaxi partnership.
Oracle Stock Gains 2.5% on $7 Billion Pentagon Contract Despite Valuation Disparity
Oracle shares climbed 2.5% after-hours on a $7 billion Pentagon software contract, though the implied equity gain of $8.6 billion far exceeds the deal's maximum value, suggesting relief buying.
Nokia Shares Dip 3.4% as AI Order Surge Outpaces Revenue Recognition
Nokia shares slid 3.4% as €2.8 billion in AI orders overshadowed near-term sales. Q2 profit beat estimates, but revenue conversion remains a key concern.
SpaceX Starship Flight 13 Rescheduled; Heavy Short Interest Looms
SpaceX's Starship Flight 13 moved to Friday due to weather, with 56% of free float shorted. Traders eye Monday gap risk after the post-IPO test.
AMD Stock Falls 2.3% on Helios AI Rack Production News, Despite Pre-Event Rally
AMD shares fell 2.29% to $539.69 after Helios AI rack production news, despite a prior 11.4% rally. Revenue from Helios is not expected until late Q3, with OpenAI's broad rollout later in 2026.
UiPath Shares Tumble 11% on AI Spending Slowdown Fears
UiPath shares dropped 11.1% on Wednesday after an industry warning raised concerns about AI-driven purchasing delays, with the company's Q2 ARR outlook signaling a 38% sequential slowdown.
Aurora Innovation Surges on 1,000-Truck Production Target
Aurora Innovation shares rose 4.8% after the company announced a goal of reaching a 1,000-truck annual production run-rate by year-end, highlighting robust order momentum.
Rigetti Computing's Strong Cash Position Offsets Steep Revenue Multiple
Rigetti Computing shares rose 7.7% since Friday, outperforming quantum peers, as its $569M cash reserve highlights a 290x sales multiple.
Amazon Narrows AGI Team, Focuses on $200B Capex ROI
Amazon reduced headcount in its AGI unit, signaling a more selective approach to AI investments as it manages a $200 billion capex plan.