Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
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.
Quantum Stocks Rally on $2B U.S. Grants; IonQ Faces Key Tests
Quantum stocks rallied on $2B in U.S. grants, but IonQ was excluded. Its shares rose 8% premarket despite concerns over valuation and profitability.
Rigetti Computing Surges on $2B Federal Quantum Grant Program
Rigetti Computing shares surged 13.2% premarket Thursday following reports of a $2 billion federal quantum computing grant program, with $100 million earmarked for the company. Q1 revenue hit $4.4 million but operating losses expanded.
Nokia Shares Dip Despite AI Networking Lab Launch in California
Nokia shares slipped 0.7% to 11.650 euros in Helsinki on Thursday, underperforming the broader market, after the company launched an AI Networking Innovation Lab in Sunnyvale, California.
BofA Boosts Snowflake Price Target to $205 Ahead of Q1 Earnings
Bank of America Securities raised Snowflake's price target from $195 to $205, signaling about 20% upside before its May 27 earnings report, citing growing AI business intelligence momentum.
Xanadu Shares Surge 20% as Quantum Sector Rebounds; Massive Share Overhang Persists
Xanadu Quantum Technologies shares surged 20.4% to $14.13 on Wednesday, recovering from a steep May decline as the broader quantum sector rallied. The company reported Q1 revenue of $2.83 million and a net loss of $20.6 million, with significant share overhang from a prospectus covering up to 293.7 million additional shares.
MicroAlgo Stock Rockets 40% on Quantum Algorithm News
MicroAlgo shares jumped 40% following news of a quantum image-processing algorithm, though no commercial deals or revenue forecasts were announced.
Applied Digital Secures $7.5B Lease, Revenue Backlog Hits $31B
Applied Digital secures a 15-year, $7.5B lease with a hyperscaler, lifting total contracted revenue to $31B. Shares rose 8% after hours.