Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Sungrow Denies Space Ventures, Shares Dip Ahead of Holiday Closure
Sungrow Power Supply clarified it has no commercial space projects, with shares falling 1.03% to 144.50 yuan. Markets face a shortened trading window before the Spring Festival break.
Renesas Surges on $3B Timing Unit Sale to SiTime, Posts Strong Outlook
Renesas Electronics shares jumped 6.9% after announcing a $3 billion deal to divest its timing business to SiTime. The chipmaker also provided robust quarterly revenue and margin guidance.
Moore Threads Gains on Autonomous Driving Partnership with Pony.ai
Moore Threads shares rose after announcing a strategic compute partnership with autonomous vehicle firm Pony.ai, which plans to deploy over 3,000 robotaxis by late 2026.
ASE Technology Surges on $7B AI Packaging Bet, Eyes Margin Growth
ASE Technology shares rallied 7.2% after announcing a record $7 billion capital expenditure plan for 2026, targeting robust AI packaging demand. Management forecasts a sequential revenue dip in Q1 but sees improving profitability.
Coherent Shares Surge on Texas Semiconductor Grant and Upgraded Analyst Targets
Coherent stock rallied nearly 9% Friday following a $14.1 million state grant for its indium phosphide wafer project and price target increases from JPMorgan and Stifel.
Cambricon Shares Extend Losses as Investors Eye Key Earnings Report
Cambricon Technologies' stock declined 2.02% to 1,036.99 yuan on Friday, extending a recent slide. The AI chipmaker's upcoming March 13 earnings report is seen as a critical test for its projected profit recovery.
Infineon Gains on Planned Power Chip Price Increases, AI Demand Outlook
Infineon shares rose 1.5% Friday following reports of planned price hikes for select power products in April. The company cites tight supply and higher costs, with UBS raising its price target to €47.
Qualcomm Shares Edge Higher Amid Memory Chip Supply Squeeze
Qualcomm stock rose 0.8% to $137.34 as the company navigates a memory-chip shortage impacting smartphone manufacturers. Investors are monitoring smartphone production plans and potential iPhone pricing adjustments.
Arm Stock Surges on AI Data Center Optimism, Faces Smartphone Headwinds
Arm Holdings shares rallied sharply Friday, extending a two-day rebound as chip stocks gained on AI infrastructure spending hopes, though memory constraints threaten smartphone royalty revenue.
Zhongji Innolight Dips Ahead of Earnings Amid AI Infrastructure Focus
Zhongji Innolight shares fell nearly 4% on Friday despite forecasting a potential 128% profit surge for 2025, with traders eyeing supply constraints and upcoming results.