Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
AMD Surges After Citi Upgrade Highlights Meta GPU Deal Potential
AMD stock surged 4.7% after Citi upgraded the stock to Buy and raised its target to $575, citing the company's growing role in AI GPUs and a major deal with Meta.
Nokia Shares Edge Higher on AI Optimism, But Valuation Concerns Persist
Nokia shares gained 1% in Helsinki, extending a 10% Friday surge, driven by AI and cloud demand. The stock remains volatile and trades above the average analyst target.
Meta Admits AI Workforce Overhaul Missteps, Hikes 2026 CapEx to $145B
Meta CEO Mark Zuckerberg admits mistakes in the company's swift AI workforce overhaul, as capital expenditure guidance for 2026 rises to $125-$145 billion, reflecting higher component prices and data center investments.
AMD Surges After Citi Upgrade, Meta AI Deal Fuels Optimism
AMD shares surged 4.7% to $511.57 after Citi upgraded the stock to Buy, highlighting its AI GPU potential and Meta's Instinct chip plans.
Apple Dips on Supply Chain Worries and AI Doubts Amid $4.3T Valuation
Apple shares slipped 1.5% as concerns over an Indian iPhone-parts factory probe and doubts about Siri AI features weigh on the stock, with the next major catalyst being unconfirmed Q3 earnings on July 30.
UiPath Faces Pivotal Test as AI Automation Demand Stalls Growth
UiPath shares closed at $10.55, down about 1%, as investors focus on the company's ability to meet Q2 targets and prove AI-driven automation can accelerate recurring revenue growth.
Aurora Innovation Bounces Back After 23% Slide, Driverless Truck Launch Ahead
Aurora Innovation shares recovered 2.68% to $6.13 after a seven-day 23% decline, as investors eye the Q2 second-gen hardware rollout and driverless truck deployment target.
Marvell Technology Nears Record Highs on S&P 500 Entry and AI Demand
Marvell Technology (MRVL) closed at $279.70, down 0.36%, as investors anticipate its S&P 500 inclusion before June 22. Despite strong AI-driven revenue growth, valuation concerns persist with shares trading at 96 times earnings.
IREN Shares Surge 5% as Investors Eye AI Cloud Revenue Milestones
IREN shares climbed 5.40% to $59.77 as investors assess the pace of revenue recognition from major AI cloud deals with Microsoft and Nvidia, with GPU deployment at Childress as the next catalyst.
AST SpaceMobile Tumbles as Space Stock Momentum Cools Ahead of Key Satellite Launch
AST SpaceMobile shares plunged 15.5% to $82.41 amid a sector-wide selloff after SpaceX's market debut. The upcoming June 17 BlueBird satellite launch is the next major catalyst.
Tesla Closes Above $400 Amid Robotaxi Optimism and SpaceX Debut
Tesla closed above $400 at $406.43, up 1.8%, as robotaxi bets grow and SpaceX's debut fades. J.P. Morgan raised its target to $475, citing autonomy and robotics.