Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
UiPath Stock Edges Up Ahead of Q1 Report; Cloud Expansion in Korea
UiPath shares edged up 1% to $10.65 as tech stocks rebounded. The company announced Automation Cloud on Azure in South Korea and reported the death of board member S. Somasegar. Earnings are due May 28.
AMD Surges on AI Server Demand and Analyst Upgrades Ahead of Nvidia Results
AMD shares surged 7.3% to $444.24 on Wednesday, rebounding with the chip sector on AI server demand and analyst upgrades ahead of Nvidia's results.
Navitas Shares Rally on AI Power Chip Hopes, Revenue Still Tiny
Navitas Semiconductor shares surged over 15% as investors bet on its AI data-center power chips. Q1 revenue was $8.6M with a $27.8M loss; Q2 guidance points to $10M. The stock's rally hinges on converting design wins into sales.
Tesla Stock Climbs on Lithuania's Approval of FSD Software
Tesla shares rose approximately 2.5% to $414.10 after Lithuania approved its Full Self-Driving software, following the Netherlands.
BlackBerry Shares Hold Near Peaks on Renewed FedRAMP Certification
BlackBerry shares edged up 0.5% to $6.24 after its AtHoc platform secured a renewed FedRAMP High certification. QNX revenue rose 20% last quarter.
Archer Aviation Shares Steady Amid SEC Filings Highlighting Cash Use
Archer Aviation shares traded flat near $5.94 as SEC filings showed executive stock sales for tax withholding and plans to issue shares to vendors, highlighting cash burn with a Q1 net loss of $217.7 million.
Ondas Surges on $199M Omnisys Acquisition, Signals Defense Software Push
Ondas shares climbed 3.3% to $9.43 after agreeing to buy Omnisys for $199 million in stock, plus up to $60 million in earn-outs, expanding its defense software portfolio.
POET Technologies Surges 11% After Closing $400M Offering; Revenue Concerns Persist
POET Technologies shares climbed 11% to $14.55 after closing a $400 million direct offering, bouncing back from an 8% drop on dilution concerns. The company reported Q1 revenue of $503,389 and a net loss of $12.3 million.
Nokia Secures FCC Approval for Broadband Devices, Optical Market Poised for Growth
Nokia shares gained 3.37% in Helsinki after the FCC conditionally approved its Beacons and ONT devices. Dell'Oro Group predicts the optical transport equipment market will grow 16% in 2026, fueled by AI data centers.