Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Zoom Shares Surge on AI Growth and Raised Outlook
Zoom shares surged 12% to a 52-week high after the company raised its fiscal 2027 outlook and expanded its share buyback program, driven by strong AI adoption.
Navitas Surges on AI Data Center Power Play, But Profitability Remains Elusive
Navitas shares rose 16.33% to $28.36 amid renewed AI infrastructure interest, though breakeven may require quarterly sales above $30 million.
Qualcomm Soars 13% on Expanded Stellantis Auto Chip Deal
Qualcomm shares jumped 12.7% to $240.44 after Stellantis expanded a multi-year partnership to deploy Snapdragon Digital Chassis in next-gen vehicles, including Level 2+ hands-free driving.
Dell Stock Surges on AI Demand, But Analysts Warn of Risks Ahead
Dell shares surged over 10% to a 52-week high after Wells Fargo and Morgan Stanley raised price targets, but analysts warn of memory inflation and supply chain risks.
Nokia Shares Surge on AI Infrastructure Push
Nokia shares rose 8.2% to €13.09 in Helsinki, outperforming the market, following the launch of an AI networking lab and strong Q1 AI sales growth.
Archer Aviation Gains on FAA Certification Progress and 2026 Operations Target
Archer Aviation shares rose 5.8% Thursday on heavy volume as FAA certification for its Midnight eVTOL aircraft progresses. The company expects initial U.S. operations in 2026 under a federal pilot program.
Meta Slashes 8,000 Roles, Boosts AI Spend as Zuckerberg Charts New Course
Meta Platforms cuts 8,000 jobs and shifts thousands to AI roles, raising 2026 capital spending to $125-$145 billion. CEO Zuckerberg says no more company-wide layoffs this year, though some employees remain wary.
GlobalFoundries Surges on $375M Quantum Deal and U.S. Stake
GlobalFoundries stock soared 15% after the U.S. Commerce Department unveiled a $375 million award and a 1% government stake in the chipmaker, part of a $2 billion federal quantum computing push.
Quantum Stocks Surge as US Government Commits $2 Billion in CHIPS Act Funding
Quantum computing stocks rallied sharply on Thursday after the U.S. Commerce Department unveiled $2 billion in preliminary CHIPS Act funding agreements, with D-Wave, Rigetti, and Infleqtion all surging over 30%.