Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Spotify Shares Leap 13% on AI Deal with Universal and Bullish 2030 Forecast
Spotify shares jumped 13.5% to $491.92 after unveiling an AI music licensing deal with Universal Music Group and setting ambitious growth targets through 2030.
Nebius Stock Soars 15% on $2.6B Bloom Energy Deal for AI Power
Nebius shares jumped 15.6% on a $2.6B Bloom Energy fuel cell deal to power AI infrastructure, highlighting electricity as a key sector constraint.
Navitas Surges on AI Power Play and Investor Conference Circuit
Navitas shares rose 5.3% to $24.20, hitting a near 52-week high, as the company's AI data center power story gains momentum ahead of investor conferences.
NewGenIVF Soars 61% on $100 Million AI Prediction Market Stake
NewGenIVF shares jumped 61% after the company agreed to acquire a 2% stake in AI prediction market platform K25.ai at a $100 million valuation.
Applied Digital Surges on $7.5B AI Data Center Lease Deal
Applied Digital shares surged 17% after a $7.5 billion, 15-year AI data center lease, lifting total contracted revenue to $31 billion. Analysts raised price targets but caution on execution and customer concentration.
IREN Surges on Nvidia Cloud Deal and Convertible Note Offering
IREN shares jumped 5.7% to $55.71 after revealing a $3.4 billion Nvidia cloud contract and $3.0 billion in convertible-note financing, with trading volume reaching 19.4 million shares.
GlobalFoundries Stock Surges on $375M US Quantum Chip Funding
GlobalFoundries shares surged 12.7% to $79.75 after the US Department of Commerce signaled $375 million in support for quantum-chip manufacturing, with the company launching a new quantum technology unit.
Quantum Computing Stocks Surge on $2 Billion U.S. Government Investment
Quantum Computing Inc. shares jumped 12.2% to $10.73 amid a sector rally following a $2 billion U.S. government quantum investment. QCI was not a named recipient but saw gains alongside Rigetti and D-Wave.
Infleqtion Stock Rises on $100M Quantum Funding from Commerce Dept
Infleqtion shares gained 5.1% premarket after the U.S. Commerce Department signed a preliminary $100 million funding letter for its neutral-atom quantum computing project, which also grants the government stock.
D-Wave Surges 6% Premarket on $100M CHIPS Act Deal, U.S. to Get Equity Stake
D-Wave Quantum shares jumped 6% in premarket trading after the company signed a letter of intent for $100 million in CHIPS Act funding, with the U.S. government set to receive common stock upon deal closure.
POET Technologies Plans $400M Offering Amid AI Photonics Expansion
POET Technologies shares slipped in premarket trading after a $400M direct offering. The funding supports a tenfold manufacturing expansion, but dilution concerns weigh on investors.