Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Tesla Gains on $4.3B LG Battery Plant, Energy Storage Growth Offsets Auto Weakness
Tesla stock advanced after the U.S. government confirmed a $4.3 billion agreement with LG Energy Solution to build a lithium iron phosphate battery-cell plant in Michigan. The facility, slated for 2027 production, will supply batteries for Tesla's Megapack 3 systems.
IBM Completes $11B Confluent Acquisition to Fuel AI and Hybrid Cloud Strategy
IBM has finalized its $11 billion acquisition of Confluent, integrating the data-streaming platform into its AI and hybrid cloud portfolio. The deal is expected to boost adjusted earnings within the first year.
Nokia Shares Dip Amid AI Product Rollout, Maintain Near 52-Week Peak
Nokia shares declined slightly in Helsinki and U.S. trading following announcements of AI-driven optical networking systems and collaborations. The stock remains close to its annual high as the market assesses the company's strategic pivot.
Ondas Holdings Finalizes Key Acquisitions, Bolsters Defense Tech Portfolio
Ondas Holdings has finalized its acquisition of UK-based Rotron Aerospace and secured full ownership of its Israeli unit 4M Defense, while reporting preliminary 2025 revenue exceeding its forecast.
Intel Secures Key AI Server Role in Nvidia's Rubin Platform
Intel has landed a design win to supply host CPUs for Nvidia's upcoming DGX Rubin NVL8 AI server systems, scheduled for launch in the second half of 2026. The deal positions Intel within Nvidia's expanding AI hardware ecosystem as inference workloads grow.
Snap Stock Edges Up but Stays Near 52-Week Low Amid Growth Concerns
Snap Inc. shares closed at $4.585 Monday, up modestly but still hovering near a 52-week low. The company reported a $1 billion annualized run rate from direct revenue but lost 3 million daily active users last quarter.
Tesla Gains on Terafab AI Chip Launch, But Challenges Persist
Tesla shares advanced 1.8% to $398.30 following CEO Elon Musk's announcement that the Terafab AI chip initiative will commence within a week. However, the company continues to face headwinds from falling vehicle sales and intense market competition.
Ondas Completes Rotron Buyout, Secures 4M Defense Stake Ahead of Earnings
Ondas Holdings shares advanced after closing its acquisition of UK-based Rotron Aerospace and purchasing the remaining stake in 4M Defense, coupled with a new $15.8 million defense contract.
Intel Surges on AI CPU Optimism Ahead of Nvidia Conference
Intel shares advanced significantly, outpacing key rivals, as investor focus shifts toward the central processing unit's expanding function in artificial intelligence deployment. The gains precede Nvidia's major developer event.
Micron's Taiwan Expansion Fuels AI Memory Rally, Sandisk Surges
Sandisk shares surged 7% Monday following Micron's announcement of a second memory chip plant in Taiwan, underscoring intense demand for AI-related memory and storage components. The company reported a 61% year-over-year revenue jump to $3.03 billion for its fiscal second quarter.
SoundHound AI Gains on Nvidia Edge AI Demo Amid Divergent Analyst Views
SoundHound AI shares advanced following its announcement of a fully on-device automotive AI assistant at Nvidia's GTC conference. The company reported robust Q4 and full-year revenue growth, though Wall Street anticipates a slowdown.