Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Marvell Technology Surges on AI Networking Demand and S&P 500 Inclusion
Marvell Technology shares jumped 7.27% to $310.58 following a KeyBanc price target increase and a Tower Semiconductor photonics milestone, with the upcoming S&P 500 inclusion driving investor interest.
Apple Warns of Price Hikes as AI Demand Drives Memory Chip Costs Higher; Micron Hits Record
Apple will raise prices as memory and storage chip costs surge, CEO Tim Cook says hikes are unavoidable. Micron stock closed at an all-time high on supply tightness.
Butterfly Network Surges 56% on Midjourney Scanner Deal, Licensing Potential in Focus
Butterfly Network shares jumped 55.9% to $8.90 after Midjourney revealed a full-body scanner prototype using 40 of Butterfly's Ultrasound-on-Chip modules, spotlighting a five-year licensing deal.
QuantumScape Jumps 16.5% on Honda Solid-State Battery Pact
QuantumScape (QS) surged 16.5% to $8.04 after Honda R&D signed a multi-year solid-state battery research deal, adding a key automaker catalyst before the Juneteenth holiday.
Cisco Bounces Back on AI Infrastructure Optimism Ahead of Juneteenth Holiday
Cisco shares climbed 1.88% to $119.54, snapping a four-day losing streak, driven by AI infrastructure optimism ahead of the Juneteenth market holiday.
Wolfspeed Surges 18% Then Files Share Resale, Testing AI Chip Rally
Wolfspeed shares surged 18% before filing to register 24 million shares for resale, raising dilution concerns. The silicon carbide chipmaker's AI-driven rally faces a test when markets reopen.
FuelCell Energy Surges on AI Data Center Power Pipeline Hopes
FuelCell Energy shares soared nearly 20% as traders focus on its AI data center power pipeline, though revenue dropped and losses widened.
Amazon Shares Rise on AI Chip Sales Talks, AWS Spending in Spotlight
Amazon shares rose 2.4% on news of AI chip sales talks with external data centers, potentially opening a new revenue stream beyond AWS.