Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
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.
UiPath Shares Dip as AI Automation Product Launch Fails to Impress Investors
UiPath shares closed at $10.27, down nearly 3% for the week, as the market remains skeptical about the company's new AI product launch and looks for stronger growth signals.
Shopify Shares Dip in Toronto as US Market Closed; AI Strategy and Buyback in Focus
Shopify shares fell 1.1% in Toronto to C$152.06 as the Nasdaq was closed for Juneteenth. The market is assessing the company's $5B buyback and new AI features against growth and cash flow worries.
HIVE Digital Surges on $220M AI Cloud Deal with Bell Canada and Cohere
HIVE Digital Technologies shares rose 8.8% in Toronto after its BUZZ HPC unit signed a $220M, three-year GPU cloud deal with Bell Canada and Cohere, targeting $70M in annual recurring revenue from late 2026.
Snap Shares Dip as $2,195 Specs Launch Fails to Impress Investors
Snap shares dropped 1.69% to $4.66, marking a third straight loss, as investors reacted skeptically to the $2,195 Specs AR glasses launch and CEO Evan Spiegel's long-term profit focus.
Tesla Flat Ahead of Juneteenth as AI Capex Optimism Battles European FSD Hurdles
Tesla shares ended the pre-holiday week flat at $400.49, as AI spending optimism countered European regulatory scrutiny of Full Self-Driving and mixed delivery outlook.
NuScale Power Surges on Safety System Contract, Faces Development Hurdles
NuScale Power stock surged 13.54% to $11.74 after awarding Paragon a contract for safety-system designs, but the company's $565,000 in Q1 revenue and $776.9 million deficit highlight ongoing development risks.
Ondas Closes on $125M Cash-Heavy Cyberhawk Acquisition
Ondas surged 1.64% to $9.27 after announcing a $125M cash-heavy deal for drone-inspection firm Cyberhawk, which boasts 95% recurring revenue and $45M forecast sales.
Cisco Shares Dip Below June Peak as AI Infrastructure Demand Faces Margin Scrutiny
Cisco shares ended the pre-Juneteenth session at $119.54, down 1.3% for the week, as the market assesses whether robust AI infrastructure orders can offset margin headwinds.
Kioxia Shares Surge to Record High on AI-Driven NAND Demand
Kioxia Holdings surged 12.1% to a record high of ¥108,600 on strong profits and AI-driven NAND demand, with investors betting on disciplined supply and long-term data center deals.
ASML Shares Dip on China Export Restrictions, AI Rally Pauses
ASML shares slipped 0.6% in Amsterdam after the company denied shipping EUV chipmaking tools to China, interrupting an AI-led rally. China's share of sales is expected to fall from 33% to 20% in 2026.