Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Alphabet Stock Gains Ahead of Google I/O; BofA Reaffirms Buy Rating
Alphabet shares rose over 1% Monday, nearing $4.9 trillion market cap, as Bank of America reiterated Buy with $430 target ahead of Google I/O. Analysts highlight AI and cloud momentum but caution on elevated expectations.
ImmunityBio Secures Patents and BCG Supply Deal for Bladder Cancer Therapy
ImmunityBio announced five U.S. patents protecting its Anktiva-plus-BCG bladder cancer therapy through 2035, and an exclusive supply deal for the Tokyo-172 BCG strain.
HIVE Digital Soars on C$3.5B AI Data Center Plan in Toronto
HIVE Digital Technologies shares surged 33% in Nasdaq pre-market after its BUZZ HPC unit unveiled plans for a 320 MW AI infrastructure site near Toronto, with a C$3.5 billion investment target.
Bloom Energy Attracts Institutional Cash on AI Data Center Demand; Scalability Test Looms
World Investment Advisors and other institutions have taken stakes in Bloom Energy as the fuel-cell maker benefits from AI data center power demand. However, the company faces hurdles in scaling and execution.
Cisco's AI Surge Lifts Nokia; Earnings Test Looms
Nokia shares rose 1.2% after Cisco's $5.3B AI orders boosted networking stocks. Nokia's Q1 AI/cloud sales jumped 49%, but high valuation and competition keep the bar high.
ServiceNow Pre-Market Focus: AI Hype vs. Margin Reality
ServiceNow shares surged 5% Friday to $95.07, but remain 55% below their 52-week high. Investors are weighing new AI product launches against margin concerns and deal delays.
GCT Semiconductor Surges Premarket on Revenue Surge and 5G Chipset Growth
GCT Semiconductor shares jumped 14.21% in premarket Monday after a 287.1% revenue surge and 58% sequential growth in 5G chipset shipments, though the company faces financing challenges.
Rigetti Computing Shares Slide 7.4% as Quantum Sector Sells Off
Rigetti stock dropped 7.4% to $17.85 Friday as quantum stocks sold off. Q1 revenue of $4.4 million and a $26 million operating loss were reported.
Super Micro Stock Slides 6% as Focus Shifts to Monday's J.P. Morgan Conference
Super Micro Computer shares dropped 6% to close at $31.04, extending losses since May 8. The company reported $10.24 billion in March-quarter sales, missing estimates, with a 9.9% gross margin and $6.6 billion operating cash outflow.
AMD Stock Retreats After Record Rally, Focus Shifts to AI Demand
AMD shares dropped 5.7% to $424.10, capping a 7.6% weekly decline after a record rally. Strong Q1 earnings and raised price targets failed to sustain momentum.
QuantumScape Ends Volatile Week Lower; Focus on Eagle Line Progress
QuantumScape shares fell 6.9% Friday to $8.01 but still gained 6.6% for the week. The pre-revenue solid-state battery company reported a Q1 loss and highlighted Eagle Line production.