Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Apple Hits $4.5 Trillion Market Cap; Holiday Week Tests Rally
Apple closed Friday at $308.82, pushing its market value above $4.5 trillion. The holiday week brings key inflation data and Apple's WWDC, testing the rally.
Navitas Semiconductor Surges 37% in a Week Amid AI Data Center Bet
Navitas Semiconductor shares surged 37% over the past week, closing at $29.25 on Friday after a 19.98% gain, driven by AI data center exposure and a capital structure deal.
BlackBerry Soars 19% on FedRAMP Win and QNX Robotics Debut
BlackBerry shares jumped 19% Friday after the company announced its AtHoc platform received FedRAMP High re-certification and QNX will demo at the Robotics Summit. Q4 revenue rose 10% to $156 million.
Quantum Computing Stock Surges Amid Sector Rally, Despite Missing Federal Grant List
Quantum Computing Inc. (QUBT) shares jumped 7.89% to $12.31 on Friday, lifted by a sector-wide rally following the U.S. Commerce Department's $2.013 billion quantum funding announcement, though QUBT was not named among the award recipients.
Intel Stock Surges 10% Ahead of Memorial Day Break Amid AI Optimism
Intel shares jumped 10% last week, closing at $119.84, fueled by strong Xeon CPU demand and bullish revenue forecasts, though the foundry unit posted a $2.44B loss.
Archer Aviation Holds Pre-Holiday Gains as FAA Progress and Insider Sales Draw Attention
Archer Aviation shares climbed 3.92% to $6.36 on Friday, posting a 5.1% weekly gain. Markets are closed Monday for Memorial Day, with the next session on Tuesday.
Infleqtion Shares Jump After $100M Quantum Funding Signal
Infleqtion shares rose 11.2% Friday after the U.S. Commerce Department signaled $100 million in quantum-computing incentives. The stock is up 31% since mid-May.
Nokia Stock Hits 52-Week High as AI Data-Center Demand Drives Rally
Nokia shares reached a 52-week high in Helsinki, driven by AI data-center demand and strong Q1 earnings. The stock's rally faces risks from competition and market uncertainties.
D-Wave Quantum Shares Surge 44.5% After $100 Million CHIPS Act Nod
D-Wave Quantum shares jumped 44.5% last week after the Commerce Department proposed $100 million in CHIPS Act funding. Q1 revenue fell to $2.9 million, but bookings surged nearly 2,000%.
Rigetti Computing Soars 48% on $100M Quantum Funding Deal with US Government
Rigetti Computing shares surged nearly 20% Friday to $26.42 after securing a $100 million funding letter of intent with the U.S. Commerce Department, capping a 48% weekly gain.
SoFi Acquires Peach Finance in Quiet Tech Platform Push
SoFi acquires Peach Finance to strengthen its technology platform. Shares closed at $15.62, nearly unchanged, as investors assess the deal's impact on B2B growth.